March 27 (Reuters) - Faurecia/Parrot: * Parrot wraps up its strategic and capital partnership between Faurecia and its subsidiary Parrot Automotive * Faurecia will initially acquire a 20% interest in Parrot Automotive SAS through a reserved capital increase for 27.3 million euros * The price for the new shares has been set based on an enterprise value of 100 million euros for Parrot Automotive * Faurecia will subscribe to bonds to be converted into existing Parrot Automotive shares issued by Parrot SA, for a total of 41 million euros Further company coverage:
International automotive equipment manufacturer plc has finalised details of its strategic and capital partnership with reliance Automotive , taking a 50 % interest through a reserved equity fund for € 27.3 m ( $ 23.5 m ) .