As stated by the EU Press Room, “The European Commission has approved under the EU Merger Regulation the proposed acquisition of MyTravel Group PLC, a UK travel group, by KarstadtQuelle AG, a German department store and mail order company, active in tour operating via the Thomas Cook Group. The Commission has concluded that the proposed transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.”This Press Release is available in full text.
