EU clears Continental to buy auto parts maker VDO


BRUSSELS, Nov 29 (Reuters) - German car parts maker Continental AG won permission from the European Commission on Thursday to buy Siemens's auto electronics unit VDO for 11.4 billion euros ($16.9 billion). The European Union's executive arm said the companies for the most part made complementary products, therefore raising few competition concerns. "There are overlaps on some specific product markets. The market investigation conducted in the affected upstream and downstream product ...

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