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Europe Daily Bulletin No. 7748

30 June 2000
Contents Publication in full By article 19 / 39
GENERAL NEWS / (eu) eu/competition
The Commission clears Carlyle Europe Partners stake in Gruppo Riello

Brussels, 29/06/2000 (Agence Europe) - The European Commission has authorised the acquisition by the Guernsey-based European investment fund Carlyle Europe Partners L.P. of a 50% stake in Italy's Gruppo Riello SpA, which is active in the manufacture and distribution of heating equipment. The company's turnover was Euro 500 million in 1999, half coming from outside Italy. It manages eleven sites in northern Italy and has a workforce of 2,200. As neither Carlyle Europe Partners, not the US...

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ECONOMIC INTERPENETRATION