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Europe Daily Bulletin No. 8453

1 May 2003
Contents Publication in full By article 12 / 36
GENERAL NEWS / (eu) eu/competition
Commission clears Siemens/Drägerwerk hospital equipment venture subject to divestitures

Brussels, 30/04/2003 (Agence Europe) - The European Commission has approved, subject to conditions, the merger of Siemens AG and Drägerwerk AG, two German companies active in the hospital equipment sector. The operation would involve Siemens transferring its activities in the hospital equipment sector to Drägerwerk Medical, a 100% owned subsidiary of Drägerwerk, which until now has been jointly owned by the partners. The Commission was concerned that Siemens and Drägerwerk through their...

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