Press Release: Mergers: Commission approves proposed acquisition of Continental’s cooling fans and electric motor drives business by Brose

The European Commission cleared under the EU Merger Regulation the proposed acquisition of the cooling fans and electric motor drives business of Continental AG by Brose Fahrzeugteile GmbH & Co. KG, both of Germany. After examining the operation, the Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.