login
login

Europe Daily Bulletin No. 7699

15 April 2000
Contents Publication in full By article 27 / 48
GENERAL NEWS / (eu) eu/competition
Go-ahead for 5th largest European insurer formed from merger between Norwich Union and CGU (UK)

Brussels, 14/04/2000 (Agence Europe) - The European Commission has approved the merger between two British insurance companies, Norwich Union and CGU, less than two months after the operation, which will create the fifth largest European group in terms of turnover, was announced. The new entity "CGNU" will be established above all in the United Kingdom and Ireland, where it will become the leading insurance group, but, notes the Commission, it may have to face competition from other rivals...

Contents

THE DAY IN POLITICS
GENERAL NEWS
TIMETABLE
ECONOMIC INTERPENETRATION