Press Release: Mergers: Commission approves proposed acquisition of Plastal France by Faurecia in automotive supply sector

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Plastal S.A.S., a French subsidiary of the Swedish Plastal group, by Faurecia SA, controlled by PSA Peugeot Citroën S.A. of France. Both companies are suppliers to the automotive sector. The Commission concluded that the transaction would not raise competition concerns because the merged entity will continue to face a sufficient competitive constraint.