(CercleFinance.com) – The European Commission has approved the acquisition of Europcar Mobility Group by Volkswagen and Trinity Investments Designated Activity Company.
Europcar is mainly involved in the provision of short-term car rental services, Volkswagen is mainly engaged in the development, manufacture and distribution of passenger cars, while Trinity is a private investment company established for the purpose of l exploitation of certain investment opportunities, particularly in growth-stage companies.
The Commission concluded that the proposed merger would not raise competition concerns as the overlaps between the companies’ activities and the impact of the transaction on the market are limited.
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