Trelleborg-CGS merger secures EC approval

摘要

TRELLEBORG, Sweden—The European Commission (EC) has granted approval to Trelleborg A.B.'s proposed $1.25 billion acquisition of CGS Holding a.s., the parent of industrial and off-road tire maker Mitas a.s. "The Commission found that Trelleborg and CGS's agricultural tires focus on different price and quality tiers and were therefore not close competitors," the EC said in a statement.