BRUSSELS, Belgium—The European Commission has approved the acquisition of automotive workshop chain pitstop.de G.m.b.H. by Bridgestone Europe N.V./A.S. and two German buyers.
The Commission, in a Sept. 1 ruling, said the deal will "raise no competition concerns."
Besides Bridgestone—which had owned a minority share in the Pitstop chain's owner Kulas Holding G.m.b.H. since 2018—the buyers are identified as HUK-Coburg Autoservice G.m.b.H., a motor vehicle insurance company, and LNN Flug G.m.b.H., a private air charter business, owned by pitstop.de founder Stefan Kulas.
HUK Coburg holds a 25.1-percent share in Essen, Germany-based pitstop.de. The remaining share ownership breakdown was not disclosed.