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JTEKT receives approval to buy additional stake in Sona Koyo Steering Systems · Endata

◂ Announcements

May 17, 2017ACQUISITIONIndia

JTEKT receives approval to buy additional stake in Sona Koyo Steering Systems

India's Competition Commission approved JTEKT's proposal to acquire a 25.12% equity stake in its Indian joint venture Sona Koyo Steering Systems Ltd.

Status

Announced

Productssteering systems

CompaniesJTEKT Corporation acquirer Sona Koyo Steering Systems target

Sectors#Automotive Components

“India's fair trade regulator Competition Commission of India (CCI) has given its approval to Japanese firm JTEKT's proposed acquisition of additional stake in its Indian joint-venture Sona Koyo Steering Systems Ltd.”autotechinsight.spglobal.com

1 source
autotechinsight.spglobal.comIndia’s CCI approves JTEKT’s proposal to buy stake in Sona Koyo Steering Systems - Automotive Technology Insight | Forecasts | Industry News | Supply ChainMay 17, 2017

Summarized from public sources; check the original articles before acting on it.

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