Beru eyes takeovers, may switch stock segment

Newswire

LUDWIGSBURG, Germany, Sept 21 (Reuters) - Auto supplier BorgWarner's German unit Beru is examining acquisitions to expand and could drop out of the main German stock market segment to save costs, it said on Wednesday. Improved finances "give us the possibility to keep an eye on acquisitions that sensibly complement our core business and that offer comparable earnings power in the medium to long term", Chief Executive Marco von Maltzan told a shareholders meeting. But he said the company, ...

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