German's ZF gets EU clearance to buy Cherry

Newswire

BRUSSELS, Oct 31 (Reuters) - German automotive components company ZF Friedrichshafen AG received permission from EU competition authorities on Friday to buy Cherry Corp, a U.S. maker of electronic components for the automotive industry. The EU executive said in a statement that ZF and Cherry "are only marginally active in the same markets" and concluded that that "the merged entity would not be able to affect competition on the market". (Writing by Darren Ennis, editing by Huw Jones)

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