Mergers: Commission clears acquisition of an automotive component business of Faurecia by Plastic Omnium, subject to conditions

On the 11 July 2016, the European Commission cleared under the EU Merger Regulation the proposed acquisition of the automotive plastic exterior component business of Faurecia by Compagnie Plastic Omnium, both of France. The approving decision is conditional upon full implementation of the Plastic Omnium commitments.

The transaction had been notified to the European Commission on the 23 May 2016.