Tata's buy of Jaguar, Land Rover cleared by EU


BRUSSELS, April 25 (Reuters) - India's Tata Motors Ltd received the green light from European Union competition authorities on Friday to buy luxury brands Jaguar and Land Rover from Ford Motor Co for $2.3 billion. The decision by the EU's executive European Commission was a foregone conclusion as it was carried out under the so-called "simplified procedure", which always results in approval. Simplified procedure is used when the Commission receives no complaints from competitors or ...

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