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Europe Daily Bulletin No. 10742

1 December 2012
ECONOMY - FINANCE - BUSINESS / (ae) competition

30/11/2012 (Agence Europe) - Mergers: Ixetic-Magna. On 29 November, the European Commission cleared the acquisition of German automotive supplier Ixetic Verwaltungs GmbH of Germany by Magna International Inc of Canada, also a supplier to the automotive industry. The Commission's investigation confirmed that the merged entity, notified on 23 October, would continue to face competition from a number of strong competitors and that customers would still have sufficient alternative suppliers in...

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