Aptiv PLC (NYSE:APTV) entered into definitive agreement to acquire 85% stake in Intercable Automotive Solutions S.R.L from INTERCABLE srl for approximately €610 million on September 13, 2022. Deal value is subject to customary post-closing adjustments. Aptiv intends to acquire its interest in Intercable Automotive utilizing cash on hand. Concurrent with the acquisition, Aptiv entered into an agreement with the noncontrolling interest holders that provides the Company with the right to purchase, and the noncontrolling interest holders with the right to sell to the Company, the remaining 15 % of Intercable Automotive for cash at a contractually defined value beginning in 2026. The transaction is subject to regulatory approval and other customary closing conditions and is expected to close before the end of 2022. The acquisition is expected to close in the fourth quarter of 2022. Goldman Sachs & Co. LLC is serving as exclusive financial advisor to Aptiv and Mark Aschenbrenner, Samuel Frommelt, Volkmar Bruckner,Dimitri Slobodenjuk, Susanne Werry, Gerson Raiser,Simonetta Candela, Andrea Tuninetti Ferrari, Francesca Casini, Claudio Cerabolini and Mark Aschenbrenner of Clifford Chance is serving as legal advisor. BNP Paribas is serving as exclusive financial advisor to Intercable and Advant Nctm is serving as legal advisor.

Aptiv PLC (NYSE:APTV) completed the acquisition of an 85% stake in Intercable Automotive Solutions S.R.L. from INTERCABLE srl on November 30, 2022. The transaction is valued at approximately €595.