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Europe Daily Bulletin No. 8630

24 January 2004
Contents Publication in full By article 21 / 43
GENERAL NEWS / (eu) eu/competition
Strong Commission reservation makes INA/AIG and SNFA abandon idea of joint acquisition

Brussels, 23/01/2004 (Agence Europe) - The joint acquisition between the German bearing manufacturer INA Holding Schaeffler KG (INA), associated to the American International Group insurance company, and SNFA, the second largest European maker of precision anti-friction bearings, will not be taking place. The interested parties have made it known to the European Commission that they are giving up their project. The operation had been the subject of a detailed inquiry by the services of...

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