Delphi $972 mln buy of FCI's car unit cleared in EU

Newswire

BRUSSELS, July 27 (Reuters) - U.S. car parts maker Delphi Automotive Plc won EU regulatory clearance on Friday to buy FCI Group's motorised vehicles unit (FCI MVL) for about $972 million from private equity firm Bain Capital. The European Commission said its investigation found no competition concerns because the purchase would not change the structure of the market. "The Commission's investigation found that they have a moderate combined market share and a ...

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