Bloomberg News

S. African Agency Recommends Approval of VW, MAN Deal

October 13, 2011

(Corrects headline to show that deal still needs to be approved by the Competition Tribunal.)

Oct. 13 (Bloomberg) -- South Africa’s Competition Commission said it has recommended to the country’s Competition Tribunal that it approve the proposed transaction between Volkswagen AG and MAN SE without conditions.

“The Competition Commission assessed the South African leg of the deal and concluded that it was unlikely to lead to a substantial lessening of competition,” the Tribunal said in an e-mailed statement today.

Top Stories:TOP<GO>

To contact the editor responsible for this story: Alastair Reed at areed12@bloomberg.net


Cash Is for Losers
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus