Visteon confirms talks with Korean co for potential sale of ownership interest in HVCC

Visteon Corporation confirmed it is currently engaged in discussions with Hahn & Company regarding a potential sale of Visteon’s ownership interest in Halla Visteon Climate Control Corp (HVCC) to the Korea-based private equity company.  

There can be no assurance that these discussions will result in any transaction or on what terms any such transaction may occur. Visteon says it has no obligation to provide further updates and does not intend to comment further regarding the discussions or other strategic alternatives involving HVCC until such time as its board of directors has determined that disclosure is appropriate.

Visteon expects that HVCC, the world’s second largest provider of vehicle thermal management solutions, would continue to benefit from its well-respected management team, strong balance sheet, expanding global customer base and globally recognized technical acumen.