Amtek To Shortlist Bidders For German Car Parts Maker Tekfor: Report

Frankfurt/London: Car parts maker Amtek Auto is expected to shortlist bidders for its German division Tekfor as soon as next week, people close to the matter said, a year after starting what has been a lengthy sale process. Loss-making Amtek, which has switched advisors and is now working with Rothschild on the sale, has received eight first-round bids, valuing Tekfor at up to 520 million euros ($573 million), one of the sources sai...