EU approves Leoni's purchase of Valeo unit


BRUSSELS, Dec 17 (Reuters) - German automotive supplier Leoni won permission on Monday from the European Commission to buy French group Valeo's wiring harness business for around 255 million euros ($365.6 million). The price includes debt and retirement liabilities, the companies said when they announced the deal. The transaction will make Leoni Europe's leading supplier of automotive wiring systems and give it access to the French automotive sector. Leoni makes automotive cables and ...

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