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Europe Daily Bulletin No. 8600

6 December 2003
Contents Publication in full By article 20 / 39
GENERAL NEWS / (eu) eu/competition
Towards a go-ahead for Editis acquisition by Lagardère

Brussels, 05/12/2003 (Agence Europe) - The European Commission is preparing to give a conditional go-ahead to the acquisition of Editis by Lagardère. On Wednesday, the French group agreed to final concessions in order to gain the European executive's approval. The Lagardère group announced that would sell off 60% of Editis activities in terms of turnover (or EUR 560 million in turnover proposed at sale), preferring to reduce its ambitions rather than face a refusal. Thus the acquisition...

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