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Europe Daily Bulletin No. 8323

21 October 2002
Contents Publication in full By article 41 / 47
GENERAL NEWS / (eu) eu/competition
Johnson Control given all clear for joint venture with Bosch

Brussels, 21/10/2002 (Agence Europe) - The European Commission has cleared the proposed acquisition by US company Johnson Control, Inc (JCI) for the 80% stake of German group Varta AG's held in the VB Autobatterien GmbH automotive battery joint venture with Bosch, which it had created with the German consumer goods company, Bosch. The Commission concludes that the replacement of Varta by JCI in VB will not give rise to significant competition concerns, including Germany, where B and Bosch...

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