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Europe Daily Bulletin No. 7778

12 August 2000
GENERAL NEWS / (eu) eu/competition
Commission authorises acquisition by Nordic Capital and HIAG of Nybron and Bauwerk Parkett AG companies

Brussels, 11/08/2000 (Agence Europe) - On Monday the European Commission gave its approval for the joint acquisition by Nordic Capital and HIAG of two wood flooring companies, the Swiss Nybron and the Swedish Bauwer Parkett AG. The activities of the two companies bought will now be managed by HIAG Expo AG, a company under joint control of Nordic Capital and HIAG. Though their combined market share slightly exceeds 15% in three countries (Austria, Belgium and Germany) and is even higher in...