UPDATE 1-S.Africa approves GM's takeover of Delta Motor Corp

Newswire

(Adds details, background) JOHANNESBURG, Jan 28 (Reuters) - South Africa's government on Wednesday approved U.S. auto gaint General Motors' (GM) acquisition of the remaining 51 percent of Delta Motor Corporation for an undisclosed amount, the company said. GM said in a statement that the green light to take over Delta Motor had been given by South Africa's Competition Tribunal. "We've acquired a company that is well positioned in an important growth market for GM," Maureen Kempston ...

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