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European Commission clears joint venture of VW and Munich RE
On April 16, the European Commission approved, under the EU Merger Regulation, the creation of a joint venture by MHP Management und IT-Beratung GmbH, subsidiary of Porsche, which is ultimately controlled by Volkswagen, and Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (Munich RE), Germany.
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