Thursday

21st Jan 2021

Ticker

EU approves Opel takeover by Peugeot

The European Commission on Wednesday approved French carmaker Peugeot's takeover of Opel, which is currently owned by US company General Motors. The commission said the deal was "unlikely to raise competition concerns" because Opel and Peugeot "are relatively small in all the relevant markets" and "will still face strong competition from manufacturers such as Renault, Volkswagen, Daimler, Ford, Fiat and various Asian competitors." The €2.2-billion deal was announced in March.

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EU leaders to discuss vaccine certificates

While some member states hope vaccine certificates could revive tourism, EU officials point out that it is not clear if vaccinated people can still carry the virus and infect others.

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