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DPH Dechra Pharmaceuticals Plc

3,866.00
0.00 (0.00%)
02 Aug 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Dechra Pharmaceuticals Plc LSE:DPH London Ordinary Share GB0009633180 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3,866.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

China Commerce Ministry Sets Conditions On GM, Delphi Deal

28/09/2009 1:23pm

Dow Jones News


Dechra Pharmaceuticals (LSE:DPH)
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China's commerce ministry said late Monday it imposed conditions on U.S. automaker General Motors Co.'s plan to buy part of Delphi Corp. (DPHIQ), because of concerns the deal may have a negative impact on competition in the domestic auto market.

The ministry said it was also concerned the deal will harm competition in the local auto parts market.

The ministry said that under the conditions it imposed on the deal, GM won't be allowed to set procurement conditions that benefit Delphi only.

Delphi, GM's former parts division, has relied heavily on its former parent company as it has navigated bankruptcy proceedings.

Delphi won approvals from U.S courts and the European Commission in August to sell assets to its lenders and General Motors.

-JR Wu and Juan Chen contributed to this story; Dow Jones Newswires; 8610 6588 5848; juan.chen@dowjones.com

 
 

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