POST Online Media Lite Edition



 

Belgian Competition Authority approves acquisition in sector of motor vehicles

Christian Fernsby |
The Investigation and Prosecution Service of the Belgian Competition Authority (BCA) has approved the acquisition of ACP Holding NV and subsidiaries, Automotive Leuven NV and certain assets of Schrieks Verhuur Bedrijf BVBA by Van Mossel Automotive Groep 4 NV.

Article continues below



Topics: BELGIAN    COMPETITION    ACQUISITION    VEHICLE   

The merger concerns the sector of motor vehicles.

Van Mossel Automotive Groep 4 NV is a subsidiary of Van Mossel Automotive Group and is active in Belgium in the retail sale of various car brands (Abarth, Alfa Romeo, Citroën, DS, Fiat, Jeep, Kia, Nissan, Opel, Peugeot, Toyota and Mercedes).

The subsidiaries of ACP Holding NV are active in Belgium in retail sales of the brands Citroën, Kia and Peugeot.

Automotive Leuven NV is a distributor of Peugeot vehicles. The certain assets of Schrieks Verhuur Bedrijf BVBA relate to replacement vehicles made available to customers during maintenance and repair work.

In its decision of 24 February 2020, the BCA finds that the conditions for the application of the simplified procedure are met and that the notified merger does not raise any objections.


What to read next

Norway: Tieto and Evry must reduce overlap before merging
Ford issues recall covering 422,814 vehicles in North America
Ford Motor issues three safety recalls for North America