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Europe Daily Bulletin No. 8271

7 August 2002
(eu) eu/competition
Commission gives green light to separate sale of Blu's business assets subject to commitments

Brussels, 06/08/2002 (Agence Europe) - On Monday evening, the European Commission finally authorised, with certain conditions, the separate sale of the business assets of Blu, Italy's fourth mobile telephone operator. The decision was prompted by the fact that no suitable purchaser could be found for Edizione Holding's stake (from the Benetton group). In view of Blu's serious financial difficulties, the risk that the company might have to be put into liquidation (net losses of EUR 700...