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South Korea: Visteon Corp received all antitrust approvals for $3.6 billion merger

By  |  March 29, 2015

Visteon said Friday it received all antitrust approvals from various governments required to close on the sale of its ownership stake in Korean supplier Halla Visteon Climate Control Corp.

Visteon agreed in December to sell its 70 percent stake in the joint venture to an affiliate of Korean private equity firm Hahn  andHankook Tire for $3.6 billion.

Authorities in China, Czech Republic, India, Korea, Russia, Slovakia, Turkey and the U.S. cleared the transaction, the Van Buren Township-based supplier said in a news release.

The deal still requires the approval of Visteon shareholders. 

 

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