Brussels, 13/12/2000 (Agence Europe) - The European Commission has authorised the acquisition by Robert Bosch GmbH of Rexroth, a Mannesmann subsidiary. The authorisation is conditional upon the sale of Bosch's radial piston pumps business to prevent a dominant position in the market. The move comes within the framework of a vast operation aimed at joint control by Siemens and Bosch of the industrial holding company called Atecs, part of the Mannesmann group.
The Commission had first of all...