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Lear wins approval to buy heated-seats firm IGB, EU Commission says

( April 25, 2023, 10:43 GMT | Official Statement) -- MLex Summary: US automotive seating products supplier Lear has received European Commission approval to acquire seat-climate-control leader IG Bauerhin, the watchdog said today. The authority concluded that the deal doesn't raise antitrust concerns, given that low entry barriers are likely to prevent the buyer from exercising market power. In addition, Lear would be unlikely to be able to engage in foreclosure strategies.Statement follows. ...

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