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Europe Daily Bulletin No. 7948

20 April 2001
Contents Publication in full By article 24 / 43
GENERAL NEWS / (eu) eu/competition
Second phase of investigation into joint-venture between De Beers and LVMH in diamond sector

Brussels, 19/04/2001 (Agence Europe) - The European commission has decided to initiate an in-depth investigation into a planned joint-venture between De Beers and LVMH Moet Henessy Louis Vuitton in the diamond jewelry retail sale business. This operation, notified to the Commission on 9 March, was the outcome of an agreement concluded in January between, on the one hand, the South African diamond specialist De Beers (exploration, exploitation, recovery, evaluation and distribution) and the...

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