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Beijing WKW Automotive Parts announces deals, Mofcom clearance needed

( May 14, 2014, 05:10 GMT | Official Statement) -- MLex Summary: Beijing WKW Automotive Parts, a provider of internal and external accessory systems for passenger cars, has announced it plans to acquire Ningbo Fuerda Investment and a 49 percent stake in Qinhuangdao WKW Automotive Parts for 1.3 billion yuan ($210 million). The deal is subject to antitrust clearance by China’s Ministry of Commerce.The full statement is attached....

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