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Europe Daily Bulletin No. 7850

27 November 2000
Contents Publication in full By article 20 / 37
GENERAL NEWS / (eu) eu/competition
Commission rejects measures taken by Portugal aimed at banning public bid for acquisition of cement company Cimpor

Brussels, 27/11/2000 (Agence Europe) - Commission considers measures taken by the Portuguese government aimed at preventing a public takeover bid, presented by Secil Companhia Geral de Cal e Cimentos SA and Holderbank for the company Cimpor Cimentos de Portugal SGPS, were incompatible with the Community competition law.

According to Article 21 of the regulation on mergers, the Member States are entitled to take adequate measures in order to protect "legitimate interests" such as public...

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