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ZF buyout of TRW needs approvals in EU, US, China

By Sille Ruubel ( September 15, 2014, 22:00 GMT | Insight) -- German auto supplier ZF Friedrichshafen needs regulatory approvals in the US, Europe and China as well as in “some smaller” regions before it can complete its $13.5 billion takeover of rival TRW Automotive Holdings, Chief Executive Stefan Sommer said today. ZF is meanwhile selling its stake in a steering-systems venture to Robert Bosch because the arrangement would “hurt some antitrust rules in some areas of the world,” he said.German auto supplier ZF Friedrichshafen needs regulatory approvals in the US, Europe and China as well as in “some smaller” regions before it can complete its takeover of rival TRW Automotive Holdings, Chief Executive Stefan Sommer said today....

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