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Image header Agence Europe
Europe Daily Bulletin No. 9492
Contents Publication in full By article 15 / 27
GENERAL NEWS / (eu) eu/competition

Commission clears proposed joint control of Magna by Russian Machines and the Stronach Trust

Brussels, 31/08/2007 (Agence Europe) - On 30 August, the European Commission approved the planned acquisition by the open joint stock company Russian Machines (RM) of Russia, part of the Basic Element Group, and The Stronach Trust of Canada of joint control of Magna International Inc. of Canada. The Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it. The Commission's examination of...

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