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01 Aug 2014

visit the website Representatives for ZF and TRW declined to comment. Citigroup and Deutsche Bank are advising ZF and providing a bridge loan facility to back the proposed acquisition, according to the people familiar with the matter. The banks declined to comment. If completed, the merger would create one of the world's largest automotive suppliers with combined annual revenue exceeding $40 billion. ZF, a major provider of steering systems and powertrains, would get a leading maker of automotive safety products, such as brakes and air bags. TRW said on July 10 that it has hired Goldman Sachs Group after receiving a preliminary takeover approach.


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