Press Release: Mergers: Commission approves proposed acquisition of Volvo cars by Geely and Daqing

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Series Details IP/10/904 (6.7.10)
Publication Date 06/07/2010
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The European Commission cleared on 6 July 2010 under the EU Merger Regulation the proposed acquisition of Volvo cars by the Chinese car manufacturer Geely and the state-owned Chinese investment firm Daqing. The Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.

Source Link Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/10/904&format=HTML&aged=0&language=EN&guiLanguage=en
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