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Europe Daily Bulletin No. 8381

18 January 2003
Contents Publication in full By article 17 / 42
GENERAL NEWS / (eu) eu/competition/defence
Acquisition of Qinetiq by Carlyle is cleared

Brussels, 17/01/2003 (Agence Europe) - The European Commission has authorised the US investment firm, Carlyle, to take over QinetiQ, a defence technology advisory body hitherto held by the British Ministry of Defence. The latter will initially keep a stake in QinetiQ but plans to withdraw in the longer term. The Commission has not noted any overlapping between the activities of QinetiQ and Carlyle. In the defence sector, especially, Carlyle's only interests concern investment in industrial...

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