Marelli Holdings, former Magneti Marelli, is owned at this time of the US Fund Kkras noted from Moto It. In turn, this business group brings together other renowned companies such as Stellantis and Nissan. As they point out, the initial suspicions of the bad financial situation that the Italo-Japanese company is going through could be directly related to the problems associated with the aforementioned Nissan.
The point is that, at the moment, the Indian group Motherson Group would be interested in acquiring the company and giving the economic restructuring that allows the debt currently dragging the company. However, the operation is not as easy as it seems, since it requires the unanimity of the creditors affected by the Millionaire Economic Debajuste in which Marelli Holdings is currently mired.
Marelli Holdings in a critical situation for years
If we look back it was in 2018 when the Japanese company Callsic Kansei took the assets of the former Magneti Marelli after disbursement 6,200 million euros. Already in 2022 Marelli Holdings tried to carry out a debt restructuring process, something that the company’s main creditors did not like. At that time, the American KKR fund would be in charge of financing about $ 3.3 billion for the brand’s reflot.
After that first varapalo this year Marelli Holdings has been directly harmed by the serious situation that Nissan and Stellantis is going through, with a significant reduction in its sales, which in turn translates into a decrease in purchasing components manufactured by the Italo-Japanese company itself (these represent about 30% of the billing of Marelli). This results in a accumulated debt of more than 4.2 billion dollars, and the extreme need to find financing as soon as possible.
This is where it enters Motherson Groupalso specialized in the manufacture of components for the automotive industry. It is currently within the ranking of the 15 strongest companies within this sector, with annual revenues exceeding 20 billion dollars. However, once again, Marelli Holdings’ main creditors do not look good for the operation.
In any case, the brand has 10 business days to accept or not the Motherson Group offer. To do so, it would receive almost 3,000 million dollars with which to pay for a large part of the debt that currently suffocates the economy of the company. It is expected that in just a few days we will know the company’s decision and if it definitely escapes a more than likely bankruptcy.
