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Europe Daily Bulletin No. 10532

17 January 2012
ECONOMY - FINANCE / (ae) competition

16/01/2012 (Agence Europe) - Mergers: Itochu/Tessenderlo Chemie/Siemens Project Ventures/T-Power JV. On Monday 16 January, the European Commission gave the go-ahead to the merger plans of Itochu Corporation (Japan), Tessenderlo Chemie N.V. (Belgium) and Siemens Project Ventures GmbH (Germany), which want to buy up joint control of T-Power N.V. (Belgium). Itochu and Siemens Project Ventures are energy companies. T-Power generates and sells wholesale electricity in Belgium. (OL/transl.fl)

 

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