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Europe Daily Bulletin No. 7982

13 June 2001
Contents Publication in full By article 24 / 45
GENERAL NEWS / (eu) eu/competition
Commission allows Continental to take over Temic

Brussels, 12/06/2001 (Agence Europe) - On Tuesday, the European Commission allowed the German firm Continental AG to take over Daimler Chrysler's Temic business. Among other things' continental is active in the manufacture of brakes and pneumatic spring systems for cars. Temic manufactures the electronic device necessary for these systems to work. The vertical integration that will result from this concentration operation will not lead to the creation of a dominant position to the benefit of...

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