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Brose-Sitech deal raises no competition concerns, EU says

( July 29, 2021, 10:22 GMT | Official Statement) -- MLex Summary: Brose has won EU approval for its deal with Volkswagen unit Sitech, the European Commission confirmed today. The EU regulator said the deal raised no competition concerns as the two companies aren’t close competitors. The merged entity would also face competition from a number of strong alternative providers, the commission said.Statement follows....

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