EU approves ThyssenKrupp buy of Sofedit

Newswire

BRUSSELS, May 27 (Reuters) - The European Commission on Tuesday approved plans by German steel maker ThyssenKrupp to buy troubled French car parts maker Sofedit. Sofedit operates in France, Poland, Spain, Brazil and Britain. "The operations presents only limited overlaps, which do not give rise to serious competition concerns," the Commission said in a statement. The Commission said that Sofedit had serious financial troubles and the purchase "will provide the necessary financial ...

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