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Europe Daily Bulletin No. 7976

2 June 2001
Contents Publication in full By article 23 / 48
GENERAL NEWS / (eu) eu/competition
Green light to acquisition of Scandic Hotels by Hilton

Brussels, 01/06/2001 (Agence Europe) - The European Commission authorised the acquisition of Scandic Hotels AB, the main hotel owner in Scandinavia (133 hotels in this part of Europe) by Hilton Group plc (United Kingdom) through a takeover launched last 23 April and which values Scandic at SEK 8.9 billion. The hotel activities of the two partners are to a great extent complementary, as Hilton traditionally concentrates its activities in the United Kingdom and in the large cities of...

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A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
TIMETABLE
ECONOMIC INTERPENETRATION