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Europe Daily Bulletin No. 8635

31 January 2004
Contents Publication in full By article 20 / 47
GENERAL NEWS / (eu) eu/competition
Commission agrees to amend "Rhodia" commitment in Hoechst/Rhône-Poulenc decision

Brussels, 30/01/2004 (Agence Europe) - On Friday the European Commission agreed to swap a commitment by Aventis to divest its remaining 15% stake in Rhodia with a commitment to sell its indirectly held 49% stake in Wacker Chemie. The Commission, in 1999, granted regulatory approval to the merger between Hoechst and Rhône-Poulenc, which created Aventis, on the condition of certain sell-offs to address competition problems. Rhodia's declining financial health since then has made the sale...

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