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Image header Agence Europe
Europe Daily Bulletin No. 8208
Contents Publication in full By article 14 / 42
GENERAL NEWS / (eu) eu/competition

Conditional clearance to Imperial Tobacco's acquisition of Reemtsma

Brussels, 08/05/2002 (Agence Europe) - The European Commission has given conditional approval to the proposed acquisition of German cigarette manufacturer Reemtsma Cigarettenfabriken GmbH by the UK's Imperial Tobacco Group Plc. The deal will propel Imperial Tobacco into fifth position in the world cigarette market and third in the EU. The Commission explains that the deal raised competition concerns in the UK market for cut-price cigarettes, but the undertakings offered fully address these...

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