Valeo plans to sell hydraulic actuator business to Raicam for EU approval of FTE acquisition

Valeo is considering divesting its passive hydraulic actuator business to Italian company Raicam to gain European Commission approval for its €819 million acquisition of clutch manufacturer FTE Automotive. The divestment could be finalized in Q4 2017.

“Valeo is therefore considering the divestment of its passive hydraulic actuator business with a view to obtain the approval of the FTE acquisition by the European Commission.”autovista24.autovistagroup.com

• 1 source
• autovista24.autovistagroup.comJD Power Autovista24 - Valeo looks to sell parts of business in order to meet EU competition demandsJul 12, 2017

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