Koc's Beko & Grundig Multimedia deal cleared by EU
Koc's Beko Electronik's proposed acquisition of the other 50% of Grundig Multimedia has been approved by the European Commission.
The deal was analysed under the 'simplified' merger review procedure and was cleared by the Commission. Beko will own 100% of Grundig's multimedia unit. Beko and Alba have already bought the entire Grundig business in en equal partnership in 2004.