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Europe Daily Bulletin No. 7874

5 January 2001
Contents Publication in full By article 12 / 51
GENERAL NEWS / (eu) eu/competition
Commission rejects the measures taken by Portugal to outlaw a takeover bid for cement company Cimpor

Brussels, 04/01/2001 (Agence Europe) - As we have already reported (see yesterday's EUROPE, p. 12), the Commission has decided that the measures taken by the Portuguese government against the proposed takeover bid by Secil Companhia Geral de Cal e Cimentos SA and Holderbank for the company Cimpor Cimentos de Portugal SGPS were incompatible with EU competition law.

According to Article 21 of the Merger Regulation, Member States can take appropriate measures to protect "legitimate interests"...

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ECONOMIC INTERPENETRATION