login
login

Europe Daily Bulletin No. 7802

20 September 2000
Contents Publication in full By article 27 / 53
ECONOMIC INTERPENETRATION / (eu) engineering

The British groups SMITHS INDUSTRIES and TI GROUP have announced their merger through the former taking over TI GROUP for some £2 bn. SMITHS INDUSTRIES will hold a 57.6% stake in the new group, and TI GROUP 42.4% and it will achieve an annual turnover of some £3 bn. The company will comprise four branches: parts for the aeronautical industry, medical equipment, sealing and industrial equipment.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION
SUPPLEMENT