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Electronics Production | March 12, 2008

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.
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