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Image header Agence Europe
Europe Daily Bulletin No. 10376
Contents Publication in full By article 37 / 38
GENERAL NEWS / (eu) eu/competition

11/05/2011 (Agence Europe) - Mergers: Ansaldo Energia/First Reserve Fund/Finmeccanica. On Wednesday 11 May, the European Commission authorised the operation whereby FR Mansail Limited (United Kingdom), wholly-owned subsidiary of the investment fund First Reserve Fund L.P. (Cayman Isles) is to take a 45% stake in the capital of the Italian company Ansaldo Energia (systems and components for electricity production), which is currently wholly owned by the Italian company Finmeccanica SpA (aerospace, defence and security). This merger will not bring about any horizontal or vertical overlaps between the activities of each of these parent companies and those of Ansaldo and is therefore unlikely to cause any problems of competition within the European Economic Area. (F.G./transl.fl)

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