Federal-Mogul Sells Koenig

SOUTHFIELD, Mich.--Federal-Mogul Corp has sold its joint venture ownership share in Koenig, an Austrian manufacturer of pistons and piston rings.

Federal-Mogul acquired one-third of Koenig when it purchased T&N plc in 1998. The corporation agreed to divest of the joint venture interest in 1999 when it purchased the piston division of German-based Alcan Deutschland GmbH.

The other shareowners of Koenig will purchase Federal-Mogul’s interest. Terms of the agreement were not disclosed.

For more information, contact www.federal-mogul.com.