EU approves Oerlikon's purchase of Saurer

Newswire

BRUSSELS, Nov 23 (Reuters) - Swiss technology group Oerlikon won permission from the European Commission on Thursday to purchase car parts maker Saurer in a deal valued in October at nearly 2 billion Swiss francs ($1.62 billion). "The Commission concluded that the proposed transaction would not significantly impede competition in the European Economic Area (EEA) or any substantial part of it", the Commission said in a statement. It said the companies had only a "tenuous" link. Saurer ...

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