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EU Commission Okays Joint Venture by Chinese Units of Mercedes-Benz, BMW

Employees work on the BMW luxury car’s at the production line of the German car manufacturer’s plant in Dingolfing near Munich, southern Germany, Wednesday, Dec. 19, 2012

MOSCOW (Sputnik) – The European Commission said on Wednesday that it had approved the creation of a joint venture by two China-based units of German automakers Mercedes-Benz and BMW. “The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by Mercedes-Benz Group China Ltd. (‘Mercedes-Benz’) of China, controlled by Mercedes-Benz Group AG of Germany, and BMW Brilliance Automotive Ltd. (‘BMW’) of China, controlled by Bayerische Motoren Werke AG of Germany,” the press release read. The newly-created joint venture will be dealing mainly in public charging infrastructure networks for battery-powered cars in China, the commission said. AsiaHigh-Tech Innovations Drive China’s Auto Sector Advances16 January, 09:20 GMTGiven its limited effect on the European Economic Area, the transaction will not pose any threat to fair competition, according to the press release.

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