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ABB: Commission clears creation of a JV

(CercleFinance.com) - Under EU Merger Regulations the European Commission has cleared the creation of a joint venture by ABB (Switzerland) and Niedax (Germany).


The transaction mainly concerns the design, manufacture and supply of cable tray systems in North America.

The Commission concluded that the notified transaction would not raise competition concerns, given its limited impact on the European Economic Area. The notified transaction was examined under the simplified merger review procedure.


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