BRUSSELS, Jan. 23 (Xinhua) -- The European Commission said on Friday it had approved the acquisition of joint control over Samsung Mobile Display by Samsung Electronics and Samsung SDI.

    The European Union (EU)'s antitrust watchdog said in a statement that the transaction would not significantly impede effective competition in the EU.

    Samsung SDI is active in the development, manufacture and sale of products in the digital display and energy businesses. It had previously spun off its activities in the area of small and medium LCD panels and organic light-emitting diodes, a specific type of ultra thin, ultra bright display technology also called OLED which does not require a backlight, into Samsung Mobile Display, which is currently solely controlled by Samsung SDI.

    Samsung Electronics is engaged in the development, manufacture and sale of a wide range of products in the area of electronics and information technology. It is Samsung SDI's largest shareholder with a non-controlling 20.4 percent stake.