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Image header Agence Europe
Europe Daily Bulletin No. 7691
Contents Publication in full By article 22 / 51
GENERAL NEWS / (eu) eu/competition

Go-ahead for joint venture Voith/Siemens

Brussels, 04/04/2000 (Agence Europe) - The European Commission approved the merger of the hydroelectric activities of the German companies Voith and Siemens within an autonomous company. Voith brings to the company the mechanical activities linked to hydraulic turbines and Siemens the electrical activities linked to generators. The European competition services have noted that the "merged company divisions produced complementary products, so the merger would not give rise to any increase in...

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