Brussels, 03/04/2001 (Agence Europe) - The European Commission has opened a detailed investigation into the proposed takeover bid by Schneider Electric SA for Legrand SA, both French companies. It considers the operation needs to be looked at more closely to assess its compatibility with European competition rules, given the very strong positions held by both companies on certain markets, both European and national.
The impact of the operation announced on 15 January would above all be felt...