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ClosedPublished 7 Feb 2022

Romeo Power, Inc. /
BorgWarner Romeo Power LLC

Romeo Power takes full ownership of BorgWarner Romeo Power LLC joint venture

Terms
Not stated
Stage
Closed
Source · 7 Feb 2022
See the source
01 / BuyerRomeo Power, Inc.
02 / TargetBorgWarner Romeo Power LLC
01

What happened

Romeo Power, Inc. completed its acquisition of BorgWarner Romeo Power LLC, gaining BorgWarner’s 60% ownership stake and bringing its ownership to 100%.

Romeo Power paid $28,614,000 using cash on hand. The joint venture’s assets, including approximately $3,000,000 in cash, will be distributed to Romeo Power.

02

The source

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01
Source · Source

Romeo Power takes full ownership of BorgWarner Romeo Power LLC joint venture

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03

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Every date the source states, in order. Anything marked ahead is a target the source gives, not something that has happened.

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