EC approves GKN/Volvo Aero deal

Victoria
By Victoria September 7, 2012 15:38

EC approves GKN/Volvo Aero deal

GKN has been given the go-ahead to acquire Volvo Aero, the aero-engine division of Volvo AB. The deal was announced in July pending regulatory approval.
“The European Commission’s investigation showed that the transaction would not raise competition concerns on either the market for fan cases or the market for turbine exhaust cases, given the presence of other manufacturers of these products and the capability of many customers to manufacture them in-house,” read a statement yesterday.

Victoria
By Victoria September 7, 2012 15:38
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Ffinance%2Fec-approves-gknvolvo-aero-deal%2F"> registered </a> users can comment.