Leonardo, EU Commission sparred on geographical market for Iveco defense deal
By Jean Comte ( October 15, 2026, 16:44 GMT | Insight) -- Italian defense company Leonardo tried to convince the European Commission that the relevant geographical market to assess its acquisition of Iveco's defense division was European-wide, and not national, according to the full decision released on Wednesday. The regulator pushed back, highlighting the "strong national preference" of defense ministries for national suppliers. The deal was cleared with no remedy in March this year.Leonardo failed to convince the EU merger regulator assessing its takeover of Iveco defense that defense markets have become European, according the final decision on the deal....
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