ZF’s net debt to rise to USD11 billion after TRW acquisition – report
Net debt to EBIDTA ratio expected to reach 2.4 in 2014
Net debt of ZF Friedrichshafen, a Germany-based supplier of chassis and transmissions to the automotive industry, is expected to rise to around EUR8.5 billion (USD10.9 billion, 19 September 2014) after its acquires TRW Automotive, a US-based supplier of chassis, engines, and safety and electronics systems, reports Reuters, citing a banker familiar with the deal.
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