EU Clears GM To Buy Assets Of US Auto Parts Co Delphi
02 Octubre 2009 - 10:35AM
Noticias Dow Jones
The European Commission Friday cleared a plan by General Motors
Co. to buy four plants and the global steering division of Delphi
Corp. (DPHIQ), the bankrupt U.S. auto parts company.
The deal was approved in August by a U.S. bankruptcy court as
part of Delphi's plan to exit bankruptcy protection after four
years. Delphi's lenders will gain control of the parts of Delphi
not being sold to GM, which is now majority-owned by the U.S.
government.
-By Matthew Dalton, Dow Jones Newswires; +32 2 741 1487;
matthew.dalton@dowjones.com