FTE Automotive: Valeo : to buy German clutch-maker FTE automotive

(4-traders.com) Valeo has agreed to acquire German clutch and and gear actuators maker FTE automotive from Bain Capital Private Equity for 819.3m. Valeo Subject to the approval of the European and Brazilian anti-trust authorities, the transaction is anticipated to close in the fourth quarter of this year or in the first quarter of 2017. The acquisition will...http://www.4-traders.com/VALEO-27862551/news/Valeo-to-buy-German-clutch-maker-FTE-automotive-22472036/