Valeo, as announced in early June, intended to take over FTE, a German producer of clutch and gear actuators, before the end of 2016. Because of EU anti-trust concerns, it has decided to withdraw the acquisition until these concerns have been solved.
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FTE takeover delayed
Valeo, as announced in early June, intended to take over FTE, a German producer of clutch and gear actuators, before the end of 2016. Because of EU anti-trust concerns, it has decided to withdraw the acquisition until these concerns have been solved.