Lear's takeover of Grupo Antolin-Irausa cleared by EU
The European Union’s regulators have cleared car supplier Lear’s takeover of Grupo Antolín-Irausa’s metals and seats business, stating that there would still be enough competition.
BRUSSELS, April 12 (Reuters) - European Union regulators on Wednesday cleared U.S. car supplier Lear's takeover of the seats and metals business of Spain's Grupo Antolín-Irausa, saying it would still face sufficient competition.

"The Commission concluded that the proposed acquisition would not raise competition concerns given the parties' moderate combined market positions," the European Commission, which acts as the bloc's competition supervisor, said in a statement.

The deal includes 12 factories and two research and development centres in Europe and northern Africa. (Reporting by Robert-Jan Bartunek; Editing by Alastair Macdonald)