10/02/2011 (Agence Europe) - Draka Holding/Prysman SpA. As we predicted (see EUROPE 10311), the European Commission, on Wednesday 9 February, approved the proposed acquisition of all the ordinary shares of Dutch cable manufacturer Draka Holding by Italian competitor Prysmian SpA. The operation, of which the Commission was notified on 5 January, will make Prysmian the world's leading supplier of (terrestrial) optical fibre cables. It will also become the leading supplier in the European Economic Area of general wiring, which covers a wide variety of low/medium voltage cables used for electrical systems in buildings and industrial applications, for the internal wiring of electrical equipment, etc. The Commission concluded that Prysmian will continue to face a sufficient number of credible competitors on both markets and that competing optical fibre cable suppliers will continue to have access to sufficient sources of optical fibre worldwide. (F.G./transl.rt)