Magna Wins EU Approval to Acquire German Car Supplier ixetic
November 29 2012 - 11:23AM
Dow Jones News
BRUSSELS--Canadian car supplier Magna International Inc. secured
EU approval Thursday to buy its German rival, ixetic Verwaltungs
GmbH.
The European Commission said the transaction would not raise
anti-trust concerns as the merged entity would continue to face
strong competition.
Customers would still have enough alternative suppliers in all
markets concerned, the commission said.
--Write to Vanessa Mock at vanessa.mock@dowjones.com
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