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Jost Werke's $398 million buy of Hyva receives India approval under 'green' channel

By Freny Patel ( December 24, 2024, 06:27 GMT | Insight) -- Jost Werke's $398 million global acquisition of Hyva has received approval from the Indian antitrust watchdog under the fast-track merger regime. The parties notified the Competition Commission of India of the proposed transaction under the recently introduced deal-value threshold of the amended 2002 Competition Act. The deal was granted expedited "green channel" approval because there are no overlap between the companies' Indian operations. Jost Werke's $398 million global acquisition of Hyva has received approval from the Indian antitrust watchdog under the fast-track merger regime. ...

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