DJ Amtek Auto Leads Race To Buy Germany's KSM Castings - Report
A BANGALORE (Dow Jones)--Auto parts maker Amtek Auto Ltd. (520077.BY) has emerged as the frontrunner to acquire Germany's KSM Castings, a supplier of light metal casting products for the automotive industry, the Economic Times reported, citing an unnamed banking source.
The deal is expected to be worth around EUR250 million (INR17 billion), the report said.
The bidding for KSM has entered the second round, but it will take some more time for the sale to be completed, the report said, citing the source.
Two global private equity players are also in the race for KS
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