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Europe Daily Bulletin No. 10426

26 July 2011
Contents Publication in full By article 15 / 26
GENERAL NEWS / (ae) eu/competition
GE to take sole control of Converteam

Brussels, 25/07/2011 (Agence Europe) - The European Commission granted clearance on Monday 25 July to the proposed acquisition of sole control of French power conversion company Converteam Group SAS (products and engineering solutions to convert electrical energy into mechanical energy and vice versa) by US conglomerate General Electric (GE) via GE Energy (technologies for the generation of electricity from different energy sources).

The proposed acquisition, of which the Commission was...