BRUSSELS (Reuters) - The European Union's competition authority said on Wednesday it had approved the plan of German luxury carmakers Daimler
The European Commission has found the deal would raise competition concerns for free-floating car sharing services in Berlin, Cologne, Duesseldorf, Hamburg, Munich and Vienna. It said Daimler and BMW agreed to a remedy package in the six cities.
"The commitments thus fully address the Commission's concerns as they will reduce the barriers to entry for competing free-floating car sharing providers," the Commission said in a statement.
"Therefore the Commission concluded that the proposed transaction, as modified by the commitments, would no longer raise competition concerns. The Commission's decision is conditional upon full compliance with the commitments."
(Reporting by Gabriela Baczynska and Philip Blenkinsop)
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