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India/Spain: Watchdog clears auto parts consolidation deal

 |  August 29, 2013

The Competition Commission of India announced Thursday the clearance of India-based Mahindra & Mahindra Group’s proposal to absorb Spain-based auto marts manufacturer CIE Group. According to the plan, CIE will consolidate its units throughout Europe within Mahindra Systech.

The CCI did not find evidence the deal would negatively affect competition, it said.

Financial details of the merger were not disclosed.

Full Content: Economic Times

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