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EC Statement: Mergers - Commission approves acquisition by Volkswagen of KPI Polska, Skoda Auto Polska, VW Bank Polska and VW Leasing Polska

( December 19, 2011, 10:50 GMT | Official Statement) -- MLex Summary: The European Commission has cleared plans by Volkswagen (VW) to acquire the importation and wholesale businesses of KPI Polska and Skoda Auto Polska. It also approved VW's plan to buy the financing and insurance procurement business of Volkswagen Bank Polska and Volkswagen Leasing Polska.Mergers: Commission approves acquisition by Volkswagen of KPI Polska, Skoda Auto Polska, VW Bank Polska and VW Leasing Polska Brussels, 19 December 2011 - The European Commission has cleared under the EU Merger Regulation the proposed acquisition by Volkswagen AG of the exclusive importers and distributors of its passenger car and light commercial vehicle ("LCV") brands in Poland (KPI Polska and Skoda Auto Polska) as well as two other Polish businesses providing financial and insurance services relating to these activities (Volkswagen Bank Polska and Volkswagen Leasing Polska)....

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