Bosch buys majority of Italy's Oil Control group

Newswire

FRANKFURT, Dec 22 (Reuters) - German automotive supplier Bosch [ROBG.UL] has acquired a majority stake in Oil Control Group SpA, an Italian compact hydraulics specialist, Bosch said on Wednesday without giving financial details. The acquisition requires regulatory approval. Oil Control Group makes screw-in valves, control blocks and small units. It had 2003 sales of 113 million euros ($151.3 million). "It is the declared objective of our corporate policy to grow by an above-average ...

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