Valeo receives Japan FTC’s approval for Ichikoh takeover bid
French supplier needs to acquire at least 50.09% of Ichikoh shares to succeed in takeover bid
Valeo has received an approval from Japan’s Fair Trade Commissions (FTC) to take control of Ichikoh Industries in case the French supplier succeeds in its takeover bid, which it launched last month, the company said in a press release on 12 December. Approval from the Japanese competitive authority was one of the conditions of Valeo’s bid for the Japanese supplier.
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