German minister clears Miba-Zollern joint venture

The German Federal Minister of Economic Affairs granted ministerial authorization for a joint venture between Miba AG and Zollern GmbH & Co. KG, overruling the FCO's prohibition. The joint venture will focus on hydrodynamic plain bearings, with commitments including €50 million investment in Germany.

“the Minister found that overriding public interests—in particular the interest of safeguarding know-how and innovation potential in the areas of clean energy and sustainability—outweighed competitive concerns in this case.”clearyantitrustwatch.com

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• clearyantitrustwatch.comFederal Minister of Economic Affairs Grants Ministerial Authorization for Miba and Zollern | Cleary Antitrust WatchCleary GottliebAug 19, 2019

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