The European Commission has approved under the EU Merger Regulation the proposed acquisition of Volvofinans Bank AB, a provider of automotive financial services, by Volvo Car Corporation, a vehicles manufacturer, and AB Volverkinvest, an association of Swedish Volvo car dealers. All companies are based in Sweden. The Commission concluded that the proposed transaction would raise no competition concerns given the companies' moderate market positions resulting from the transaction. The transaction was examined under the simplified merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.8127.
