Boryszew with approval for takeover

The Office of Competition and Consumer Protection (UOKiK) has approved the takeover of Tensho Poland Corporation by automotive components producer Boryszew, the watchdog said on its website on Monday. “One of the reasons for this transaction is the need to sell shares in Tensho Poland Corporation resulting from the withdrawal of the company’s major clients, including Sharp Manufacturing, from Poland,” the UOKiK said. Boryszew agreed to acquire 80 percent in Tensho in early June. The deal value was €1.6 million.