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BRIEF-Borgwarner agrees to sell REMY light vehicle aftermarket business to torque capital
October 3, 2016 / 1:26 PM / a year ago

BRIEF-Borgwarner agrees to sell REMY light vehicle aftermarket business to torque capital

Oct 3 (Reuters) - Borgwarner Inc :

* Borgwarner agrees to sell remy light vehicle aftermarket business to torque capital

* Estimates that it will incur a 2016 pre-tax loss of approximately $95-125 million

* Will retain core rotating electric business of former remy international

* Purchase price of transaction is approximately $80 million Source text for Eikon: Further company coverage:

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