Banco Santander Subsidiary Deva Capital's Acquisition of Novares Approved by European Commission

MT Newswires Live

2025/12/09

Banco Santander (SAN) subsidiary Deva Capital Investment's acquisition of Novares has been approved by the European Commission, the regulator said Tuesday.

Novares is a French designer and builder of automotive components and systems.

The commission said it concluded the merger would not raise competition concerns because the companies are not involved in the same or related markets.

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