Continental says gets EU approval for Motorola deal

Newswire

FRANKFURT, June 23 (Reuters) - German automotive parts and tyre maker Continental AG said on Friday it has received antitrust approval from the European Commission for its takeover of Motorola's automotive electronics business. "The integration of the acquired business of 1.3 billion euros (sales 2005) into Continental's 5.2 billion euro ($6.5 billion) will begin as planned immediately after closing of the transaction," the company said in a statement, adding this was expected to occur in ...

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