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WABCO AND ZF expected to close merger deal in Q2 2020

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WABCO India announced that WABCO Holdings Inc. and ZF Friedrichshafen AG have received all approvals from regulatory authorities required to close their previously announced merger, with the exception of the Chinese State Administration for Market Regulation (SAMR).

WABCO and ZF anticipate that SAMR approval will be received without significant delay, and expect that the transaction will close in the second quarter of 2020, when this final regulatory clearance is anticipated to be received.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 25 2020. 10:57 IST