China regulator approves American Axle acquisition of Dowlais

Reuters

01/16

HONG KONG, Jan 16 (Reuters) - China's market regulator said on Friday that it approved Detroit based American Axle & Manufacturing's AXL.N purchase of GKN Automotive owner Dowlais Group DWL.L, stating that it had "fully considered" the possible impact of the transaction on competition in China.

(Reporting by Farah Master and the Beijing newsroom; Editing by Muralikumar Anantharaman)

((farah.master@thomsonreuters.com; +852 3462 7709;))

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