Bosch agrees to sell packaging unit to buyout firm CVC
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FRANKFURT (Reuters) - Car parts maker Bosch has agreed to sell its packaging machinery business to buyout firm CVC as it seeks to streamline its activities and fund investment in areas such as electric cars and autonomous driving. While Bosch and CVC said they had agreed not to disclose the purchase price, a person close to the matter said that the deal values the Bosch unit at 850 million euros (£764 million).The packaging technology firm, along with its pharma and food units, is to remain..