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Europe Daily Bulletin No. 8698

4 May 2004
Contents Publication in full By article 22 / 40
GENERAL NEWS / (eu) eu/competition
Acquisition of Grundig by Beko and Alba is cleared

Brussels, 03/05/2004 (Agence Europe) - The European Commission has authorised the creation of a joint company between the Turkish manufacturer of televisions, Beko Electronik, and the British group, Alba. The operation is aimed at allowing both partners to acquire activities of the German company Grundig for the marketing and development of electronic goods intended for the consumer public. Beko mainly manufactures colour televisions without a brand that it sells to equipment companies....

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