Graeme Hart is thinking of selling his Cadillac. Nah, only kidding. Hart is said to be considering selling off his U.S. auto parts businesses, which he acquired for nearly $2 billion in 2011. Reuters has this “according to people familiar with the matter”.
- potentially selling two automotive aftermarket companies, UCI International Ltd and FRAM Group Holdings Inc
- discussions are at an early stage
More at Reuters: Exclusive: New Zealand billionaire mulls shedding U.S. auto assets – sources
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Its interesting to note this hitting the wires as the NZD/USD makes a new 12 month high. Hmmmm. …
