Faurecia says Hella takeover cleared by EU

Faurecia said all conditions for taking a majority stake in Hella were satisfied.

Reuters

PARIS -- Faurecia said that EU antitrust authorities have approved its takeover of German automotive lighting group Hella.

"All conditions for(the) acquisition of a majority stake by Faurecia in Hella are now satisfied," the company said, adding that it will acquire a total of 79.5 percent in Hella.

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