Brussels, 31/03/2006 (Agence Europe) - The European Commission has approved the proposed acquisition of Volkswagen Bordnetze GmbH, a joint venture company of the Volkswagen and Siemens Groups, by the Japanese company Sumitomo Electrical Industries. Sumitomo supplies automotive wire harnesses, a sector in which Volkswagen Bordnetze is also active. After examination, the Commission concluded that the transaction would not significantly impede effective competition in Europe, since there were...