Blackstone squares up to Continental for VDO

TRW Automotive, a vehicle parts manufacturer primarily owned by alternative investment firm The Blackstone Group, is understood to have thrown its hat into the ring for rival VDO in an €8bn ($10.5bn) sale.

Germany-listed industrials conglomerate Siemens put VDO up for a dual-track sale or listing in January under advice from JP Morgan and Goldman Sachs, as revealed by Private Equity News, a sister publication to Financial News Online in January.

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