Stellantis N.V (STLA) is in negotiations to buy assets in Brazil and Poland from its supplier CLN-Coils Lamiere Nastri as the Italian car parts manufacturer tries to cut debt, Bloomberg News reported Thursday, citing people familiar with the matter.
The supplier is also assessing the disposal of other assets, the people said.
The sales are expected to help CLN reach an agreement with creditors after getting pushback on an initial proposal to write down 90% of its unsecured loans, according to the report.
Stellantis and CLN did not immediately respond to MT Newswires' request for comment.
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