BRUSSELS -- European Union regulators on Wednesday cleared U.S. car supplier Lear's takeover of the seats and metals business of Spain's Grupo Antolin-Irausa, saying it would still face sufficient competition.
"The Commission concluded that the proposed acquisition would not raise competition concerns given the parties' moderate combined market positions," the European Commission, which acts as the bloc's competition supervisor, said in a statement.
The deal, which was first announced in February, includes 12 factories and two research and development centers in Europe and northern Africa.
The suppliers expect to close on the acquisition in the first half of the year
