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Europe Daily Bulletin No. 7958

5 May 2001
Contents Publication in full By article 36 / 43
ECONOMIC INTERPENETRATION / (eu) automobile

The French group RENAULT and the Italian FIAT have officially announced the planned acquisition by IVECO, FIAT subsidiary, of the 50% stake held by RENAULT in IRISBUS, joint venture between the two groups. The price of the transaction was set at EUR 175 million. IVECO will increase its stake to 65% then buy the remaining 35% at the end of December 2002. This operation follows on from the decision by the European competition authorities to allow the alliance between RENAULT and VOLVO in heavy...

Contents

THE DAY IN POLITICS
GENERAL NEWS
TIMETABLE
ECONOMIC INTERPENETRATION