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Europe Daily Bulletin No. 8002

9 July 2001
Contents Publication in full By article 38 / 44
GENERAL NEWS / (eu) eu/takeovers
Mitigated reactions following rejection of takeover directive by EP

Brussels, 09/07/2001 (Agence Europe) - Positive and negative, the stances on the rejection of the takeover directive by the European Parliament (see EUROPE of 5 July, p.7) generally aim at asking the European Commission to submit a new draft.

The EU's Banking Federation is "very disappointed" at the rejection of a directive that would have "facilitated commercial and industrial restructuring in Europe, freeing capital and labour to maximise economic efficiency, employment and growth". The...

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