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Getrag Ponders an Equity Sale
Family-owned transmission supplier Getrag AG is studying a possible equity sale or initial public offering, sources tell Bloomberg News.
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Family-owned transmission supplier Getrag AG is studying a possible equity sale or initial public offering, sources tell Bloomberg News.
The sources say U.S.-based Dana, Canada's Magna International and a few Chinese companies have expressed interest in the 80-year-old company.
Getrag's willingness to consider an equity sale comes as the supplier industry continues to collaborate and consolidate in an effort to meet the costs of developing new technologies. Another likely factor is rival ZF Friedrichshafen's acquisition of TRW Automotive Holdings in May.
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