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Aptiv PLC (NYSE:APTV) said Friday that its subsidiary, Cyprium Holdings Limited, has publicly filed a preliminary registration statement with the U.S. Securities and Exchange Commission related to the planned separation of Aptiv’s Electrical Distribution Systems business. The company intends to spin off this business into a new independent publicly traded company through a transaction expected to be treated as a tax-free distribution to shareholders.
According to the company’s statement, the separation is targeted for completion by March 31, 2026, subject to customary closing conditions. The preliminary registration statement was filed on Form 10 and is available on the SEC’s website.
Aptiv’s announcement was disclosed in a press release statement included in its Form 8-K filing with the SEC.
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