EU Extends Inquiry Deadline for Continental Buy of Siemens' VDO - aftermarketNews

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EU Extends Inquiry Deadline for Continental Buy of Siemens’ VDO

aftermarketNews Staff
By aftermarketNews Staff
Published:

From AFX News Limited

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BRUSSELS — The European Commission said it has extended the deadline for its inquiry into Continental AG’s proposed $16 billion acquisition of Siemens AG’s automotive electronics unit, VDO, to Nov. 29.

The original deadline was Nov. 15. The commission extends inquiries by 10 working days in cases where a national competition authority has asked for jurisdiction, or where the companies have offered remedies to competition concerns raised during the investigation.

Copyright 2007 AFX News Limited. All Rights Reserved.

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