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BRIEF-Valeo withdraws from Phase 1 to better address concerns from European Commission
November 30, 2016 / 5:50 PM / 10 months ago

BRIEF-Valeo withdraws from Phase 1 to better address concerns from European Commission

Nov 30 (Reuters) - Valeo SA :

* Valeo announces its withdrawal from Phase 1 in order to better address concerns from the European Commission in the framework of its antitrust review

* After discussion with the European Commission, in agreement with Bain Capital, has decided to withdraw its merger notification to address the European Commission’s concerns

* Intends to renotify the acquisition as soon as possible, in view of getting clearance of the acquisition of FTE and closing the transaction during the course of 2017 Source text: bit.ly/2gJa7aF Further company coverage: (Gdynia Newsroom)

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