Amtek Auto to buy component maker for $250 mln

Newswire

MUMBAI, June 29 (Reuters) - Indian auto parts maker Amtek Auto Ltd. is in talks to buy a machine component unit abroad for about $250 million, a company source said on Thursday. Amtek could also simultaneously acquire a casting firm for about $20-25 million, the source said on condition of anonymity. "We should have a lot more clarity in less than a month's time," the source said. The target component maker, part of a large engineering group, had factories in Europe and the United ...

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