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Europe Daily Bulletin No. 7793
Contents Publication in full By article 22 / 51
GENERAL NEWS / (eu) eu/competition

Commission authorises BASF (Germany) to acquire participation in DyStar (Germany)

Brussels, 06/09/2000 (Agence Europe) - The European Commission has authorised the German company BASF AG to acquire a stake in Dystar Textilfarben GmbH & Co. Deutschland KG, specialised in textile dyestuff. In the context of this move, BASF will integrate its world activities in textile dyestuffs in Dystar for which it acquires joint control with the German companies Bayer AG and Hoechst AG. The company will have an annual turnover of around DM 2.2 billion and will employ 4,700.

Growing competitive pressure from East Asian dyestuff producers as well as the presence of European groups firmly established in this sector -Yorkshire UK, Ciba (CH) and Clariant (CH) - have convinced the European Commission that this operation would neither create nor strengthen a dominant position.

Contents

THE DAY IN POLITICS
(EU) EU/EP/ENLARGMENT: Prodi and Verheugen reaffirm that they want new accessions as quickly as possible
(EU) EU/TURKEY: EP amends Council "common position" on aid to economic and social development to place emphasis on respect of minorities, abolition of death penalty and exclusion of nuclear energy
(EU) EU/OSCE: European Union backs strengthening of ties between OSCE governmental and parliamentary bodies and reform of OSCE Secretariat
(EU) EU/COMMISSION:
GENERAL NEWS
(EU) EU/ENERGY: Commission shares Ms de Palacio's strategy for facing up to rise in oil prices - Aim is $20 per barrel - Reestablishing competition in EU, and not giving up nuclear energy
(EU) EU/EMPLOYMENT: Commission adopts its package for employment and calls for creation of "high quality jobs for high quality labour"
(EU) EU/MEDITERRANEAN: European Commission Communication aiming to give new impetus to "Barcelona process" - Mediterranean third countries must conclude free trade agreements between themselves
(EU) EU/MEDITERRANEAN: Parliament calls for more flexible and transparent management of MEDA programme
(EU) EU/ENERGY/EASTERN COUNTRIES: Commission proposes new strengthened strategy and greater coordination with regards to nuclear security in Eastern countries
(EU) EU/EGYPT: Mr. Boutros Ghali again calls for "clarifications" on draft association agreement
(EU) EU/EP/BUDGET 2001: Parliament and Commission criticise Council's attitude, mainly concerning funding for Balkans - Moscovici explains Council position
(EU) EP/EUROPEAN DIPLOMACY: Parliament in favour of creation of a "Community diplomatic school"
(EU) EP/ENVIRONMENT:
(EU) EU/DEVELOPMENT: EP in favour of regulation enabling closing of "EC Investment Partners" projects in abeyance, and for a strategy of encouragement to private sector in LDC
(EU) EU/HUMANITARIAN: EP calls for ECHO strategy to be clarified and that coherence with EU foreign policy be ensured
(EU) EP/FISHERIES:
(EU) EU/JUSTICE/HOME AFFAIRS: Initiatives from different Member States aim to implement Community guidelines to combat illegal immigration, unauthorised residence, money laundering, etc.
(EU) EU/MERGERS/TELECOMMUNICATIONS: Commission ensures concentrations do not injure consumers and do not lead to abuse of dominant position
(EU) EU/OIL/TAXATION: France requires European authorisation to lighten tax burden on diesel fuel in favour of lorry drivers
(EU) EU/COMPETITION: Commission authorises acquisition of Italtel by Clayton Dubilier & Rice
(EU) EU/COMPETITION: Commission clears BT/JT/Vodafone joint venture for exploitation of UMTS in Japan
(EU) EU/COMPETITION: Commission authorises BASF (Germany) to acquire participation in DyStar (Germany)
(EU) EU/EMPLOYMENT: Commission's recommendations to Member States target - country by country - progress to be achieved on tax on labour, education and training, extension of working life, equal opportunities, etc.
(EU) EU/GAS:
(EU) EP/TRANSPORT/ENVIRONMENT:
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VALUE OF THE EURO IN DIFFERENT CURRENCIES 06/09/2000: