From AFX News Limited
FRANKFURT –Tenneco Inc. is interested in acquiring parts of VDO, the former automotive division of Siemens AG recently acquired by Continental AG, Tenneco’s executive vice president Hari Nair told Handelsblatt.
"We will look closely at what of VDO could be put up for sale," he said.
Handelsblatt said other potential buyers of parts of VDO have already expressed their interest, including French automotives parts supplier Valeo.
However, the report also cited recent statements made by Continental’s chief executive Manfred Wennemer that the company has not yet spotted any parts of VDO that the company could sell.
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