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Europe Daily Bulletin No. 8675

27 March 2004
Contents Publication in full By article 15 / 26
GENERAL NEWS / (eu) eu/competition
France has to explain whether it will oppose rapprochement between Novartis from Switzerland and Aventis, France (pharmaceuticals)

Brussels, 26/03/2004 (Agence Europe) - In the perspective of Swiss pharmaceutical group, Novartis' take-over bid of its French counterpart Aventis, the European Commission will be examining the competition consequences, as the combined turnover of the two companies will reach the minimum threshold set on competency in these matters, indicated Amelia Torres, spokesperson of Commissioner Monti. This will be the case if France takes measures to block the deal, as the Commission will carefully...

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