EU approves sale of Fiat's credit business

Newswire

BRUSSELS, April 28 (Reuters) - The European Commission on Monday approved a four-bank takeover of Fidis Retail Italia, an auto consumer credit business now owned by Fiat group . The four Italian banks are Banca Intesa , Capitalia , IMI Investimenti and Unicredito Italiano . "The merger does not give rise to competitive concerns and (the Commission) accordingly decided to authorise it unconditionally," the Commission said in a statement. The Commission said that the deal was part of a ...

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