Brussels, 28/09/2004 (Agence Europe) - The European Commission has approved the acquisition of the US company New Venture Gear, a manufacturer of transfer cases, by the Canadian company Magna, a global manufacturer of automotive parts. Currently, Magna jointly owns NGV with Daimler Chrysler, from which it will buy up its 20% stake for almost USDD 435 million. Although the activities of the parties overlap in the sector of components for all-wheel drive vehicles, the Commission investigation...