12/06/2014 (Agence Europe) - Mergers: Penske Automotive-Ibericar/Ibericar Keldenich-Concession BMW. On Wednesday 11 June, the European Commission gave the go-ahead to the acquisition of Ibericar Keldenich S.L. and the BMW's car dealership business in Barcelona both of Spain, by Penske Automotive Group Inc (PAG) of the United Stated of America and Ibericar, Sociedad Iberica de Automovil S.A. (Ibericar) of Spain. Ibericar K and the BMW car dealership business are active in car retailing and related activities in Spain. PAG is active in automobile dealership business in North America, the UK, Germany and Italy but has no activities in Spain. Ibericar mainly carries out car retailing and related activities in Spain. The Commission concluded that the proposed acquisition would not raise competition concerns, because of the moderate combined market positions resulting from the proposed transaction. (EL)