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EU approves Bosch and HASCO joint control of ASCN · Endata

◂ Announcements

Automotive Componentsworld trade 2024+2.2% 5Y CAGR

Oct 27, 2017ACQUISITIONNanjing, China

EU approves Bosch and HASCO joint control of ASCN

The European Commission approved the acquisition of joint control over Bosch Automobile Steering (Nanjing) Co Ltd (ASCN) by Bosch of Germany and Huayu Automotive Systems Company Ltd (HASCO) of China, concluding no competition concerns.

Status

Announced

Productspower assisted steering gears

CompaniesHuayu Automotive Systems acquirer Bosch acquirer Bosch Automobile Steering (Nanjing) Co Ltd target

Sectors#Automotive Components

“The Commission concluded that the proposed acquisition 'would raise no competition concerns given that the companies' activities do not overlap in the EEA'”chinadaily.com.cn

2 sources
chinadaily.com.cnEU approves Chinese, German companies' joint control over ASCN in auto sector - Business - Chinadaily.com.cn吴晓波Oct 28, 2017
chinadaily.com.cnEU approves Chinese, German companies' joint control over ASCN in auto sector - Business - Chinadaily.com.cn吴晓波Oct 28, 2017

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

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