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Europe Daily Bulletin No. 8402

18 February 2003
Contents Publication in full By article 30 / 46
GENERAL NEWS / (eu) eu/competition
Commission clears acquisition of joint control over Oriville by Singapore Technologies

Brussels, 17/02/2003 (Agence Europe) - On 14 February the European Commission approved the acquisition of joint control by the conglomerate Singapore Technologies over the French accommodation firm Oriville, previously solely controlled by the US financial firm Goldman Sachs.

In January 2003, the Commission received the notification of a proposed operation whereby Singapore Technologies, through its subsidiary Ascott, acquires from Goldman Sachs joint control over the French undertaking...

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