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Image header Agence Europe
Europe Daily Bulletin No. 8658
Contents Publication in full By article 30 / 37
GENERAL NEWS / (eu) eu/competition

Green light to Toshiba and Samsung joint venture

Brussels, 03/03/2004 (Agence Europe) - The European Commission has cleared under the Merger Regulation the creation of a joint venture between Toshiba of Japan and South Korean company Samsung for the development, design and marketing of optical data-storage disk drives especially for computer and telecommunications. Both parent companies will transfer their activities to the joint venture and subsequently exit the market. The Commission's assessment has shown that the joint operation will...

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