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Europe Daily Bulletin No. 8194

18 April 2002
Contents Publication in full By article 24 / 37
GENERAL NEWS / (eu) eu/competition
Commission deepens probe into Promatech's acquisition of Sulzer

Brussels, 17/04/2002 (Agence Europe) - The European Commission has decided to open an investigation into the proposed acquisition of the textile division of the Swiss company Sulzer by Italy's Promatech SpA, a subsidiary of Radici the Italian leader in the weaving machines sector. The proposed deal did not meet the turnover thresholds, which would trigger the Commission's competence. It fell instead under the jurisdiction of the following Member States: Italy, Spain, United Kingdom, Germany,...

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