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Thu, Aug 13 2009
General Motors Company President and CEO Fritz Henderson pauses before speaking with the media during a news conference at the GM headquarters in Detroit, Michigan July 10, 2009. REUTERS/Rebecca Cook

General Motors Company President and CEO Fritz Henderson pauses before speaking with the media during a news conference at the GM headquarters in Detroit, Michigan July 10, 2009.

Credit: Reuters/Rebecca Cook

BRUSSELS | Thu Aug 13, 2009 10:36am EDT

BRUSSELS (Reuters) - U.S. automaker General Motors GM.UL won permission from the European Commission on Thursday to buy Delphi Steering Business and four U.S. sites of auto parts maker Delphi Corp DPHIQ.PK.

The Commission, the executive arm of the 27-nation European Union, said in a statement that the transaction would not raise competition concerns in the European Economic Area.

"The merged entity will have very small market shares and will continue to face several strong, effective competitors with significant market shares," the EU executive said in a statement.

(Reporting by Bate Felix)
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