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European Commission clears acquisition of Sanden by Hisense Group

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Acquisition, divestment & Spinoff

The Commission said ‘the proposed acquisition would raise no competition concerns given the limited horizontal overlaps and vertical links between the activities of the companies’

The European Commission (EC) has approved, under the EU Merger Regulation, the acquisition of Japan-based Sanden Holdings Corporation by Chinese Hisense Group Holdings Co. Ltd., the EC said in a press release on 20 May 2021.

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