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        India's Competition Commission Approves Share Acquisitions in Hitachi Astemo Ltd. & Electric Motor Systems by JICC & Honda.

        The Competition Commission of India has approved the acquisition of shares in Hitachi Astemo Ltd. by JICC-01 Limited Partnership and Honda Motor Co. Ltd., and in Hitachi Astemo Electric Motor Systems by Hitachi Astemo Ltd. The deal involves JICC acquiring 20% voting rights in Hitachi Astemo Ltd., Honda Motor Co. Ltd. increasing its stake to 40%, and Hitachi Astemo Ltd. acquiring full ownership of Hitachi Astemo Electric Motor Systems. JICC-01 Limited Partnership is managed by JICC G.K., part of Japan Investment Corporation, while Honda Motor Co. Ltd. and Hitachi Astemo Ltd. are engaged in automobile and motor manufacturing.

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