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India's Motherson joins bidding to support Marelli restructuring

Conglomerate to partner with U.S. investment fund KKR ahead of next round

Workers at a Marelli factory in Japan's Gunma Prefecture. The auto parts supplier in March filed for what could become one of Japan's largest voluntary debt resolution procedures.   © Reuters

TOKYO -- Samvardhana Motherson Group participated in the first round of bidding that Marelli Holdings held at the end of March as it chooses a company to support its managerial restructuring, Nikkei learned on Tuesday.

Samvardhana Motherson, an Indian conglomerate and major auto parts group, has partnered with U.S. investment fund KKR to negotiate with Marelli on the terms and conditions of support ahead of the second round of bidding, set for mid-April.

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