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Johnson Controls to Sell Auto Battery Unit to Brookfield Business Partners for $13.2 Billion

November 13,2018 19:31

The deal for Johnson Controls' power solutions business announced Tuesday with Brookfield Business Partners, along with its partner Canadian pension fund company Caisse de dépôt et placement du Québec, doesn't include debt, a Johnson Controls ...


Johnson Controls International PLC has made a deal to sell its automotive battery business to Brookfield Business Partners L.P. and its partners for $13.2 billion in cash.
The deal for Johnson Controls’ power solutions business announced Tuesday with Brookfield Business Partners, along with its partner Canadian pension fund company Caisse de dépôt et placement du Québec, doesn’t include debt, a Johnson Controls spokesman said. The transaction is expected to close by June 30.
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