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The European Commission has cleared German carmaker Volkswagen's proposed takeover of Swedish truck and bus manufacturer Scania.

The commission said the two companies' core businesses did not overlap and the merger would not significantly impede competition in Europe.

VW concentrates on cars under brands such as Audi, Bentley and Skoda, whereas Scania produces heavy trucks.

The EU said VW's minority stake in bus and truck maker MAN was... // BBC News

The European Commission has ruled that the proposed acquisition of Scania by Volkswagen Group may proceed.

The European Commission has ruled that the proposed acquisition of Scania by Volkswagen Group may proceed.

After examining the global operations of both firms, the anti-trust watchdog concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it. As well as a heavy-trucks division which operates only in Brazil, the German OEM holds a minority shareholding in MAN Nutzfahrzeuge , which itself has a 17% holding in Scania.

The Commission's examination of the proposed transaction showed that the parties' activities do not overlap as far as their core businesses are concerned. Volkswagen is... // Automotive World

BRUSSELS (Thomson Financial) - The European Commission said it has cleared German automotive manufacturer Volkswagen AG 's proposed acquisition of Swedish truck and bus company Scania AB.

After examining the operation, the Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.

The commission's examination of the proposed transaction showed that the parties' activities do not overlap as far as their core business is concerned. Volkswagen (other-otc: VLKAF.PK - news - people ) is mainly a manufacturer of passenger cars and light commercial vehicles and Scania is not active in that market sector.

At the beginning of March, VW said it reached a deal with Investor AB and Wallenberg... // Forbes

European Union regulators is giving the go ahead for Volkswagen's takeover of Swedish truck maker Scania AB.

The European Commission says the deal would not hinder competition in the bus and truck manufacturing sector in the 27-nation bloc.

In a statement Friday, the EU executive said it found that the business activities of Volkswagen and Scania did not overlap. It also said that Volkswagen's stake in bus maker MAN AG, Scania's main rival,... // Conde Nast Portfolio

Brussels - The European Union on Friday gave the green light to German car giant Volkswagen to take over Swedish truck maker Scania, saying that the deal would not harm competition in Europe.

'The parties' activities do not overlap as far as their core business is concerned. Volkswagen is mainly a manufacturer of passenger cars and light commercial vehicles and Scania is not active in this market sector,' a statement from the EU's executive, the European Commission, said.

And while VW holds a minority stake in Scania's German rival truck-maker MAN, the commission,... // Monsters and Critics.com