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U.S.-based Gores Group puts German car parts maker Hay up for sale

Thursday, Sep 10, 2015

U.S.-based investor The Gores Group has put German car parts maker Hay up for sale in a potential 400 million-euro ($448 million) deal, several people familiar with the deal said.

The buyout group has asked investment bank Rothschild to explore options for the metal-forging specialist and may start an auction process as early as the end of 2015, the sources said.

Gores, Hay and Rothschild all declined to comment.

 

reuters.com

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