The European Commission has approved the acquisition of exclusive control over Iveco Group, headquartered in the Netherlands, by TML Commercial Vehicles Limited of India, part of Tata Motors. The approval was required under the EU Merger Regulation, according to the official announcement.
The transaction concerns the production and supply of commercial vehicles and automotive components. Following its assessment, the Commission concluded that the proposed acquisition does not raise competition concerns, given the limited combined market presence of the companies involved.
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Photo: Agenzia Nova
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