Thursday, April 03, 2008
EC to rule on Tata acquisition
The European Commission will rule on Tata Motor’s takeover of Jaguar and Land Rover from Ford before the end of this month.
Tata said in the notification that the deal did not represent a "significant impediment to effective competition" because the companies' "combined market shares are small."
Tata bought the two British luxury brands for £1.15 billion on March 26.
DATED: 03.04.08
FEED: AM
Tata said in the notification that the deal did not represent a "significant impediment to effective competition" because the companies' "combined market shares are small."
Tata bought the two British luxury brands for £1.15 billion on March 26.
DATED: 03.04.08
FEED: AM
