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Image header Agence Europe
Europe Daily Bulletin No. 8595
Contents Publication in full By article 23 / 39
GENERAL NEWS / (eu) eu/takeovers

Commissioner Bolkestein is highly critical of "horsetrading" in Council resulting in compromise on takeover directive

Brussels, 28/11/2003 (Agence Europe) - Commissioner Frits Bolkestein expressed his bitterness loud and clear after the Council agreement on a "lightened" takeover directive. He was highly critical of the "unnatural alliances" formed which made it possible to reach a compromise. The text adopted unanimously will allow Member States to choose whether they apply Article 9, which makes it compulsory for a company board of administration to have the agreement of shareholders before taking...

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