of car giants Fiat Chrysler and Peugeot Citroen , after the firms promised to address competition fears.
The European Commission said the decision to approve the deal came after it had carried out an"in-depth investigation" over concerns it might stifle competition. To assuage those concerns, the commission said PSA would continue an agreement with Toyota to manufacture vans to be sold under the Japanese brand in Europe.
"In the other markets where the two automotive manufacturers are currently active, competition will remain vibrant after the merger."
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