The European Commission said on Tuesday that the EC has approved, under the EU Merger Regulation, the acquisition of joint control over a newly created full-function joint venture by Repsol and KIA, both of Spain.
According to the Commission, the joint venture will carry out a car-sharing business in Madrid. Repsol is a publicly listed integrated energy company headquartered in Madrid.
KIA is a wholly owned subsidiary of Kia Motors Company - the holding for Kia Group, which is ultimately c...
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