ACCC not to oppose merger between AB Volvo and Renault VI
The Australian Competition and Consumer Commission will not oppose the merger between AB Volvo and Renault VI, ACCC Chairman, Professor Allan Fels, said today.
In July this year, Renault and AB Volvo signed an agreement where Renault would sell its truck manufacturing operation, Renault VI, to AB Volvo in exchange for 15 per cent of the share capital of AB Volvo.
AB Volvo is one of the world’s largest manufacturers of trucks under the Volvo brand name.