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Europe Daily Bulletin No. 8200

26 April 2002
Contents Publication in full By article 21 / 40
GENERAL NEWS / (eu) eu/competition
HDW/Ferrostaal consortium can take over Hellenic Shipyards

Brussels, 25/04/2002 (Agence Europe) - The European Commission has authorised a transaction in which German companies Howaldtswerke-Deutsche Werft AG (HDW) and Ferrostaal AG will acquire joint control of Hellenic Shipyards (HSY), Greek specialists in submarine construction. The acquisition forms part of the wider privatisation programme of the ETBA bank which controls 51% of stock in the HSY, alongside the 49% controlled by a co-operative of employees. The open tender was won by the...

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