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Magna International completes acquisition of GETRAG

Magna International Inc. on Jan. 4 closed its acquisition of GETRAG Getriebe- und Zahnradfabrik Hermann Hagenmeyer GmbH & Cie KG for a transaction value of €2.45 billion.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Hengeler Mueller Partnerschaft von Rechtsanwälten mbB was the legal adviser for Magna International.

Perella Weinberg Partners LP was the financial adviser for GETRAG.