BRUSSELS, Dec. 22 (Chinese media) -- The European Commission approved on Monday a joint venture between Aeroports de Paris of France (ADP) and the Nuance Group of Switzerland.
"The merger would not significantly restrict effective competition," the European Union (EU)'s antitrust watchdog said in a statement.
ADP is responsible under French law for constructing, operating and developing all airport facilities in the Ile de France region, particularly those at the Paris-Charles de Gaulle and Paris-Orly airports.
The Nuance Group specializes in airport retailing and is also involved in airport catering services and on-board sales on planes and boats.
The purpose of the joint venture to be set up between ADP and the Nuance Group is to operate fashion and accessories stores in public and reserved areas at the Paris-Charles de Gaulle and Paris-Orly airports.
The commission's investigation showed that the joint venture would not have a detrimental effect on competition in the markets for retail sales or retail trade concessions at airports, because the two companies have only a limited share of the European and world markets, and have many other competitors.
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