Arab Today, arab today german car parts maker zf friedrichshafen to buy trw
Last Updated : GMT 00:16:36
Arab Today, arab today
Arab Today, arab today

German car parts maker ZF Friedrichshafen to buy TRW

Arab Today, arab today

Arab Today, arab today German car parts maker ZF Friedrichshafen to buy TRW

Fair goers inspect a coupling machine
Berlin - AFP

Germany's car parts maker ZF Friedrichshafen is to buy US company TRW Automotive to create a new sector giant, the two firms said Monday, in a deal worth nearly 10 billion euros.
ZF, Germany's third biggest auto parts maker, will pay $105.60 per TRW share, TRW said in a statement, adding the deal would create "a global leader in the automotive supplier business with pro forma combined sales of approximately 30 billion euros ($41 billion)".
ZF said the deal was worth $12.4 billion, while an AFP calculation of the number of TRW shares put it at $11.7 billion and TRW spoke of about $13.5 billion on an enterprise value basis.
"Together ZF and TRW will be uniquely positioned to benefit from the megatrends of the automotive industry on a global basis," ZF said in its statement.
The combined company will have 138,000 employees, it added.
TRW said its board had unanimously approved the transaction.
ZF earlier announced it had sold its 50-percent stake in ZFLS, a steering systems producer, to its partner in the venture, Bosch, for an undisclosed sum.
ZF, based on the shores of Lake Constance in southern Germany, announced in July that it was in talks with TRW.
Media reports and analysts had said the sale of the ZFLS stake was a condition for the purchase of TRW.
ZF has indicated that TRW will be operated as a separate business division, the US company said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german car parts maker zf friedrichshafen to buy trw Arab Today, arab today german car parts maker zf friedrichshafen to buy trw

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german car parts maker zf friedrichshafen to buy trw Arab Today, arab today german car parts maker zf friedrichshafen to buy trw

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday