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Continental, Veyance struggling to comply with antitrust remedies set in 2015 by Brazilian regulator

By Flavia Fortes ( April 15, 2016, 19:32 GMT | Insight) -- Car parts manufacturer Continental is struggling to comply with remedies imposed by the Brazilian competition authority as a condition for approving its acquisition of rubber products and plastic technology maker Veyance Technologies from the Carlyle Group in 2015, MLex has learned. The company was able to sell Veyance’s North American air-springs business — a condition imposed by the US Department of Justice to clear the deal — but it is having issues with the sale of a conveyor belt plant in Brazil.Car parts manufacturer Continental is struggling to comply with remedies imposed by the Brazilian competition authority as a condition for approving its acquisition of rubber products and plastic technology maker Veyance Technologies from the Carlyle Group in 2015, MLex has learned....

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