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EC to Approve Acquisition of Eaton Hydraulics by Danfoss

EC to Approve Acquisition of Eaton Hydraulics by Danfoss
biznespolska.pl - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biznespolska.pl Daily Mail and Mail on Sunday newspapers.

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Mergers: Commission approves the merger of Fiat Chrysler Automobiles N.V. and Peugeot S.A., subject to conditions


This article is brought to you in association with the European Commission.
The European Commission has approved, under the EU Merger Regulation, the proposed merger between the automotive companies Fiat Chrysler Automobiles N.V. (‘FCA’) and Peugeot S.A. (‘PSA’). The approval is conditional on full compliance with a commitments package offered by the companies.
Executive Vice-President Margrethe
Vestager, responsible for competition policy, said: “
Access to a competitive market for small commercial vans is important for many self-employed and small and medium companies throughout Europe. We can approve the merger of Fiat Chrysler and Peugeot SA because their commitments will facilitate entry and expansion in the market for small commercial vans. In the other markets where the two automotive manufacturers are currently active, competition will remain vibrant after the merger.” ....

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