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Europe Daily Bulletin No. 7971

24 May 2001
Contents Publication in full By article 32 / 34
GENERAL NEWS / (eu) eu/competition
Commission clears de-merger of Thales and Siemens' joint venture

Brussels, 23/05/2001 (Agence Europe) - The Commission has cleared the acquisition by France's Thales of the control of the whole of Airsys ATM, currently owned by Thales and Siemens of Germany. Following the 1997 joint venture agreement, Airsys ATM has been active in the field of air traffic management and turnkey airport systems. The agreement included an option whereby it could require Thales to purchase all of Siemens' shares and Siemens has exercised this put option. The proposed...

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