EU clears Japan's NTN buy of Renault unit SNR


BRUSSELS, March 28 (Reuters) - Japan's NTN Corp. won permission on Wednesday from the European Commission to buy French carmaker Renault's bearings unit SNR. The Commission said in a statement that overlaps between the two companies were limited and they would still face several strong, effective competitors after the proposed takeover. At the time of the deal last July, the Japanese bearings maker said it would buy a 51 percent stake in SNR within a year and an 80 percent stake within ...

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