European Union competition regulators last Tuesday gave their approval for Ford Motor Co.’s sale of its Volvo premium car unit to Chinese carmaker Geely Automobile Holdings Ltd. and state-owned investment group Daqing.
In a statement, the European Commission said that after investigating, it came to the conclusion that the proposed agreement does not pose any significant obstruction to competition in Europe. Last March, the $1.8 billion takeover of Volvo by Geely was agreed on. To date, this agreement is
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