login
login

Europe Daily Bulletin No. 8335

7 November 2002
Contents Publication in full By article 22 / 41
GENERAL NEWS / (eu) eu/competition
Clearance for ABB SF acquisition by General Electric

Brussels, 06/11/2002 (Agence Europe) - The European Commission has cleared the proposed acquisition of ABB SF, ABB's Structured Finance Business, by GE Capital Corp, the financial services subsidiary of the US-based General Electric Corp. This move will allow GE to extend its "project financing" activity in the world, mainly in the energy, transport and infrastructure sectors, as well as its "equipment financing" business in Europe in particular. The Commission's analysis shows that the...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
SUPPLEMENT