EU clears VW and Salzgitter car recycling venture


BRUSSELS, Jan 16 (Reuters) - European Union competition authorities cleared a joint venture in car recycling on Friday between Volkswagen AG and steel and technology firm Salzgitter AG . The new venture, to be called "Car cycling" was examined under the European Commission's simplified merger procedures when no competitors have objections, the EU executive said in a statement. Regulators at the European Commission can block or demand modifications to mergers and joint ventures it ...

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