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Rexel: EU approves acquisition of Wasco Group

( - The European Commission has approved the acquisition of the Netherlands-based Wasco Group by Rexel Développement.

Wasco distributes products and services related to electrical systems to professional customers.

Rexel is mainly active as a distributor of sanitary and air-conditioning products and spare parts.

The Commission concluded that the proposed acquisition would not raise competition concerns, given its very limited impact on market structure.

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