Brussels - The European Commission on Wednesday gave its blessing to a proposed merger between two of Japan's best-known makers of electronics equipment 
- Kenwood Corporation and Victor Company of Japan (JVC).

European Union market regulators agreed to approve the deal after concluding that the new entity "would not give rise to any competition concerns in the markets concerned."

Kenwood specializes in such products as car and home hi-fi systems and in communication equipment, while JVC is one of the biggest makers of audio, visual and computer-related electronics.

According to the EU executive, the fact that the two companies' products do not overlap means consumers would still have access to "a sufficient number of alternative suppliers" after the creation of JVC Kenwood Holdings. (dpa)