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Europe Daily Bulletin No. 7831

28 October 2000
Contents Publication in full By article 27 / 49
GENERAL NEWS / (eu) eu/competition
Commission authorises Magneti Marelli to take on sole control of Automotive Lighting Business

Brussels, 27/10/2000 (Agence Europe) - The European Commission has authorised Italian automotive components firm Magneti Marelli SpA (a fully-owned Fiat subsidiary) to acquire sole control of MM Automotive Lighting Busness (MALB), a joint enterprise created in May 1999 with the German group Robert Bosch GmbH. The new undertaking, equally held by the two partners, made a turnover of EUR 740 million in 1999 and employs 6,140. The operation comes within the more general framework of a...

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