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Romania's anti-trust body to probe takeover of Adient unit by Sage Automotive Interiors

Romania's anti-trust body to probe takeover of Adient unit by Sage Automotive Interiors Source: adient.ro

BUCHAREST (Romania), March 30 (SeeNews) - Romania's competition authority said on Monday that it will look into the agreed takeover of the textile materials manufacturing division of local car automotive interior elements manufacturer Adient Group, a unit of Irish group Adient, by U.S.-based Sage Automotive Interiors.

In order to determine whether the concentration is compatible with a normal competitive environment, the competition authority will consider the notified transaction under the merger regulation, the Competition Council said in a statement.

Sage Automotive Interiors manufactures automotive interior materials for several car manufacturers and is present in the U.S. Mexico, Brazil, Italy, Poland, Romania and China. In Romania, Sage Automotive Interiors operates through its subsidiary European Interior.

Adient has seven manufacturing facilities in Romania, according to its website.

 

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