EU Commission clears MAN-Scania deal

Newswire

BRUSSELS, Dec 20 (Reuters) - German truck maker MAN AG won permission on Wednesday from the European Commission to buy Swedish rival Scania . "After an investigation of all markets affected, the Commission concluded that the proposed transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it," the Commission said in a statment. Competition Commissioner Neelie Kroes said she was satisfied "competition on price and ...

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