Home News & Events MERGER LAW NEWS: Successful Acquisition by Volkswagen AG in the Polish Auto Market

MERGER LAW NEWS: Successful Acquisition by Volkswagen AG in the Polish Auto Market

Sunday, 25 December 2011 23:34

On 19 December 2011, the European Commission has formally approved the proposed acquisition by German based Volkswagen AG of the exclusive importers and distributors of its passenger car and light commercial vehicle ("LCV") brands in Poland through KPI Polska which acts as exclusive importer and wholesale distributor of the Volkswagen Group through a network of dealerships and through Skoda Auto Polska which acts similarly as PKI Polska but for Skoda as well as through VW Bank Polska and VW Leasing Polska which are active in financing and insurance procurement for passenger cars and LCVs of the Volkswagen group brands supplied to customers in Poland.

Notwithstanding the fact that the relative acquisition has been deemed to be a vertical integration by Volkswagen of its importation, wholesale and retail distribution activities in Poland relating to new passenger cars of the Volkswagen, Audi, Porsche, Bentley and Skoda brands and LCVs, their related spare parts and accessories as well as financial and insurance procurement services, the EU Commission has concluded the proposed acquisition would not lead to any significant change in the structure of the markets in Poland and would therefore not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.

Copy of Informal Decision: http://ec.europa.eu/competition/elojade/isef/case_details.cfm?proc_code=2_M_6403

Source: http://europa.eu/rapid/pressReleasesAction.do?reference=IP/11/1565&format=HTML&aged=0&language=EN&guiLanguage=en