08/02/2011 (Agence Europe) - Sources suggest that the European Commission will decide by Wednesday to give the go-ahead for Draka, a Dutch electricity and telecoms cable and cable systems (lifts, cars and aviation) company, to be bought up by its direct Italian competitor Prysmian. The deal would value Draka at around €900 million, according to Reuters, and create the world's biggest company in this domain. The current world leaders, France's Nexans and China's Xianmao, also bid for Draka but later withdrew from the race. Last year, Xianmao's takeover bid was a subject of concern to EU Industry Commissioner Antonio Tajani, worried about a brain drain from Europe to China. (F.G./transl.fl)