Mahle wins EU approval to buy more Behr shares

Newswire

BRUSSELS, June 24 (Reuters) - German industrial company Mahle secured EU approval on Friday to boost its stake in German motor-cooling and air conditioning company Behr [BEHR.UL]. Mahle said in March that it wanted to raise its holding in Behr to more than 50 percent by January 2013 which would allow it to integrate Behr into the group. The European Commission, the EU competition watchdog, said its investigation investigation confirmed that the parties "have moderate combined market ...

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