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Our Bureau

Mumbai, Nov. 16

Mahindra & Mahindra is in discussion with the promoters of Schoeneweiss & Co GmbH, a forging company based in Germany, to acquire a majority stake from the promoters, according to a BSE (Bombay Stock Exchange) notice.

In relation to the proposed acquisition, the company is required to seek approval from the German Federal Cartel under a relevant German law against restraints of competition. M&M has, in anticipation of the finalisation of the transaction, approached the German authorities for their approval. The proposed acquisition is subject to the finalisation of the transaction structure, fulfilment of certain condition precedents and other corporate regulatory approvals as may be required.

More Stories on : Mergers & Acquisitions | HCV/LCV/Tractors | Mahindra & Mahindra Ltd

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