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EU approves Mercedes-Benz, BMW and Seres acquisition of joint control in IONCHI, China

On August 13, the European Commission announced that it has approved, under the EU Merger Regulation, the acquisition of joint control of Beijing IONCHI New Energy Technology by Mercedes-Benz Group China, BMW Brilliance Automotive, and Seres Group, China.
IONCHI is currently jointly controlled by Mercedes-Benz and BM....

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