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German antitrust body greenlights Strabag's acquisition of Stumpp pending sale of plant

BERLIN, March 2 (Reuters) - The German competition authority said on Monday that it had approved Strabag's STRV.VI acquisition of the Stumpp Group on the condition that Stumpp sells its asphalt mixing plant in Zimmern to an independent buyer.

The Bundeskartellamt concluded that without the Zimmern plant, Strabag's market share would stay below the 40% dominance threshold, ensuring sufficient competition.

 (Writing by Friederike Heine, Editing by Linda Pasquini)

 ((friederike.heine@thomsonreuters.com;))

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