EU Clears Ford Romania/Ford Otosan Deal

June 22, 2022, 11:00 AM UTC

The European Commission says it approved Ford Otosan’s acquisition of sole control of Ford Romania.

  • EU merger regulator says Ford Romania will hold and operate at closing only an assembly plant and car manufacturing facility located in Craiova, Romania
  • Commission says it concluded the deal would raise no competition concerns, given that there are no overlaps between the companies’ activities and the companies are not active on related markets in the European Economic Area
  • Ford Otosan advanced as much as 4% in Istanbul trading

--With assistance from Ugur Yilmaz.

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