Thule drops buy of Schneeketten due to EU probe

Newswire

BRUSSELS, Dec 20 (Reuters) - Swedish sports equipment maker Thule has abandoned its plan to buy Austrian peer Schneeketten, the European Commission said on Wednesday, adding that as a consequence the EU executive had dropped its review of the deal. The Commission had opened an in-depth review after finding competition problems with the planned transaction in the Austrian, French and Italian markets for heavy vehicle snow chains. Thule said in a statement it had abandoned the deal because ...

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