FILTRAUTO
November 1st, 2001
BY KEITH NUTHALL
THE EUROPEAN Commission has approved the takeover of Filtrauto S.A., the French manufacturer of automotive filters, by its Italian rival Sogefi S.p.a. Brussels cleared the deal on competition grounds, because the merged company will still have to fight for sales, facing opposition particularly from German manufacturers Mann & Hummel and Mahle. Sogefi is owned by the De Benedetti group; Filtrauto by France's Valeo group.
THE EUROPEAN Commission has approved the takeover of Filtrauto S.A., the French manufacturer of automotive filters, by its Italian rival Sogefi S.p.a. Brussels cleared the deal on competition grounds, because the merged company will still have to fight for sales, facing opposition particularly from German manufacturers Mann & Hummel and Mahle. Sogefi is owned by the De Benedetti group; Filtrauto by France's Valeo group.
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