GENERAL NEWS
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(eu) eu/competition
Commission approval concerning Shell/BASF (conditional), Shcroders/Citigroup and Hebel/Preussag
Brussels, 29/03/2000 (Agence Europe) - On Wednesday, the European Commission approved:
- The joint venture between Shell and Basf in the polypropylene and polyethylene sector, subject to the sale of factories and technologies.
- The acquisition of one part of Schroders (UK) by the subsidiary of Citigroup (USA), Salomon Smith Barney Holding (SSBH), in the financial services sector.
- The acquisition of German enterprise BTP Hebel by another German company, Preussag.
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