EU Approves Carmaker Opel Takeover By France's Peugeot PSA: Statement
Agence-France Presse
1 min read
Jul 06, 2017, 04:14 PM
Key Highlights
- There are no financial details available about the deal at present
- The EU's competition comission approved the takeover
- With this, Peugeot PSA will become the 2nd largest carmaker in Europe
The EU's competition authority on Wednesday approved the blockbuster takeover of Germany's Opel by France's Peugeot PSA that will create Europe's second-largest carmaker after Volkswagen.
"The European Commission has unconditionally approved the acquisition of Opel by Peugeot, under the EU Merger Regulation," the Commission, the EU's executive arm, said in a statement.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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