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EU antitrust enforcers approved Valeo's €819.3 million bid for German clutch manufacturer FTE Automotive, conditional on Valeo divesting its passive hydraulic actuator business to Italian supplier Raicam.
“EU antitrust enforcers yesterday approved Valeo’s €819.3 million bid for German clutch manufacturer FTE Automotive after the French car parts supplier agreed to sell a unit to an Italian rival.”timesofmalta.com
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