login
login

Europe Daily Bulletin No. 7998

4 July 2001
GENERAL NEWS / (eu) eu/competition
EU prohibits GE's acquistion of Honeywell

Strasbourg, 03/07/2001 (Agence Europe) - Following an in-depth investigation launched on March 1, the European Commission has, as expected, decided to prohibt the proposed acquistion of Honeywell by GE. In adopting the decision, which was idfficult given the size of the operation (the media had talked about the biggest acqusition in the hisotry of the industry), the Commission wanted to show that safeguaring consumer interests and ensuring an even playing field were its priorities. "The...

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION