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Europe Daily Bulletin No. 7752

6 July 2000
Contents Publication in full By article 19 / 50
GENERAL NEWS / (eu) eu/competition
Commission authorises take-over of metals trader MG by Enron

Brussels, 05/07/2000 (Agence Europe) - The European Commission raised no objections to the acquisition of the British group MG, the world' leading metals trader, by the American company Enron, active in the energy and communication sector. At the end of May Enron had proposed a price of 300 pence per share to acquire the totality of MG, thus valuing the British group at GBP 300 million. Given the absence of overlaps between the two companies activities the Commission felt that there exists...

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