The European Commission has approved, under the EU Merger Regulation, the acquisition of certain assets of Auto-Holding Dresden by Volkswagen Group Retail Deutschland GmbH (‘VGRD’), belonging to Volkswagen (‘VW’) Group, all of Germany.
The assets consist of six VW dealership outlets located in Dresden, Germany, mainly active in the retail distribution of new and used passenger cars, light commercial vehicles of the VW Group brands and VW-branded spare parts. VGRD operates several VW dealerships in Germany. VW Group is active in the development, manufacture, marketing and sale of passenger cars, light commercial vehicles, trucks, buses, and coaches, among other.
The Commission concluded that the proposed acquisition would raise no competition concerns given that customers and competitors of VW would still be able to source VW-branded spare parts across Germany and the European Economic Area. The transaction was examined under the normal merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.10714.