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...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now