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Image header Agence Europe
Europe Daily Bulletin No. 11010
Contents Publication in full By article 10 / 41
ECONOMY - FINANCES - ENTREPRISES / (ae) competition

03/02/2014 (Agence Europe) - Mergers: Mitsubishi-Frey/MMDA. On 3 February, the European Commission gave the go-ahead to the acquisition of joint control over MMDA Automobile GmbH by Mitsubishi Motors Europe B.V. and the Emil Frey Group. Frey, via its subsidiaries, mainly sells new and used motor vehicles of different brands in Switzerland, Germany, France, the Czech Republic, Hungary, Poland and Croatia. Mitsubishi Motors Europe B.V. is a wholly owned subsidiary of the Mitsubishi Motors Corporation active in the manufacture, supply and distribution of motor vehicles and spare parts of the Mitsubishi brand at wholesale level. The joint venture will be active in the import and wholesale distribution of Mitsubishi-branded motor vehicles and spare parts in Germany. The Commission concluded that the proposed acquisition would not raise competition concerns, in particular because there are only highly limited overlaps between the parties' activities. The operation was examined under the normal merger review procedure. (FG/transl.fl)

 

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