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New Delhi, Nov 16 (UNI) Mahindra&Mahindra today said it plans to acquire a majority stake in Germany-based forging company Schoeneweiss&Co GmbH, and has filed an application with German Federal Cartel office for its approval.

''The company is in talks with the promoters of Schoeneweiss&Co GmbH in relation to the proposed acquisition. The company is required to seek approval from the German Federal Cartel under a relevant German law against restraints of competition,'' the company said.

The approval of the German authorities will be an enabling approval, the leading manufacturer of general-purpose utility vehicles added.

The proposed acquisition is subject to the finalisation of the transaction structure, fulfillment of certain condition precedents and other corporate regulatory approvals.

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