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Image header Agence Europe
Europe Daily Bulletin No. 7979
Contents Publication in full By article 30 / 53
GENERAL NEWS / (eu) eu/competition

General electric will make concession to merge with Honeywell

Brussels, 07/06/2001 (Agence Europe) - After an informal meeting held at the end of May between the European competition authorities and the head of General Electric (GE), the American conglomerate proposed to sell off the regional transport aircraft engine branch of Honeywell International in order to end the reservations of the European Commission concerning its planned merger with the latter. In fact, the Commission opened a second investigative phase over this operation, fearing that the...

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