Faurecia wins EU approval for Plastal German buy

Newswire

BRUSSELS, March 24 (Reuters) - French car parts supplier Faurecia gained European Union regulatory approval on Wednesday to buy the German assets of rival Plastal, a deal that will boost its presence in Europe's auto market. Faurecia, majority-owned by French carmaker PSA Peugeot Citroen , has said the acquisition will cost between 22 million and 33 million euros ($29.6 million to $44.4 million). "The proposed merger would not give rise to any significant competition concerns as the ...

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