Market intelligence, trend analysis and forecasts for the Automotives industry across the regions

Companies / Romania

Ford Gets EC Approval For Craiova Acquisition

February 2008 | Company News Alert

Ford of Europe has welcomed the European Commission's decision to approve its acquisition of the former Daewoo factory in Romania. The Romanian government, which holds a 72.4% stake in Automobile Craiova, must however recover EUR27mn from Ford in line with the EC's ruling that conditions of the original sale operation - for example minimum production figures - constituted state aid.

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