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Europe Daily Bulletin No. 8244

29 June 2002
Contents Publication in full By article 40 / 47
ECONOMIC INTERPENETRATION / (eu) electrical household appliances

The Italian electrical appliance group MERLONI ELETTRODOMESTICI has acquired all the shares held by the British leader in white goods (washing machines, dishwashers, refrigerators), HOTPOINT, of which it already held 50%. To do this, it has signed an agreement with the American conglomerate GENERAL ELECTRIC to acquire 50% of the GDA joint venture, which owns HOTPOINT. The amount of the transaction is EUR 278 million.

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
TIMETABLE
ECONOMIC INTERPENETRATION