EU Approves Carmaker Opel Takeover By France's Peugeot PSA: Statement

The EU's competition authority on Wednesday approved the blockbuster takeover of Germany's Opel by France's Peugeot PSA that will create Europe's second-largest carmaker after Volkswagen.

"The European Commission has unconditionally approved the acquisition of Opel by Peugeot, under the EU Merger Regulation," the Commission, the EU's executive arm, said in a statement.

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