UPDATE 1-German regulator will not reopen Continental buy

Newswire

(Rewrites with BaFin reaction, previous FRANKFURT) HAMBURG, Germany, Jan 20 (Reuters) - German financial regulator BaFin sees no need to re-examine German tyre and car parts group Continental AG's acquisition last year of supplier firm Phoenix , the agency said on Thursday. "We have no grounds to review the takeover a second time," BaFin spokeswoman Sabine Reimer said. She was responding to a report in the Financial Times Deutschland newspaper which said the agency was reviewing a ...

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