Affinia filter unit for sale, may attract German buyer

April 10, 2015 4:37 PM

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LONDON, April 10 (Reuters) - U.S. firm Affinia's auto filter unit has been put up for sale by its private equity owner and may attract German peers Mann + Hummel or Mahle in a potential $1.3 billion deal, two people familiar with the transaction said.

Private equity company Cypress Group has asked investment bank Baird to find a buyer for Affinia's filtration business, which last year posted earnings before interest, tax, depreciation and amortisation of $156 million, the sources said.

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