BRUSSELS - German carmaker Volkswagen won permission from European Union regulatory authorities on Friday to acquire car dealer Mahag Group.
The European Commission said the transaction would not significantly impede competition in the European market.
The horizontal overlaps between the activities of VW and Mahag are limited and ... for all products concerned, the merged entity will continue to face effective competition, the Commission said in a statement.
Mahag controls car dealerships in the German cities of Munich, Ulm and Berlin, selling predominantly VW cars and spare parts. (Reporting by Bate Felix, editing by Dale Hudson)