EU approves AXA buy of bankrupt Tokheim


BRUSSELS, March 26 (Reuters) - The European Commission on Wednesday approved plans by AXA of France to purchase international operations of bankrupt gasoline station pump maker Tokheim Corp of the United States. The Fort Wayne, Indiana, company filed for bankruptcy in November, but continued to operate while it looked for a buyer. The transaction was approved under the Commission's simplified procedure, used when neither customers nor rivals have complaints about a deal.

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