EU clears Thule's acquisition of three firms

Newswire

BRUSSELS, Aug 28 (Reuters) - Swedish sports equipment maker Thule won permission on Monday from the European Commission to buy control of CHAAS Holdings, Advanced Accessory Systems and the assets of Valley Industries. "The Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area," the European Union executive said in a statement. Thule is majority owned by British private equity firm Candavor and makes roof racks, ...

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