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Europe Daily Bulletin No. 8714

28 May 2004
Contents Publication in full By article 21 / 33
GENERAL NEWS / (eu) eu/competition/arms
Commission authorises takeover of British combat vehicle producer Alvis by General Dynamics

Brussels, 27/05/2004 (Agence Europe) - The Commission has authorised the acquisition of Alvis plc, a UK-based manufacturer of armoured combat vehicles, by the American company General Dynamics Corporation. It does not feel that this operation will cause any competition problems in Europe, because the overlaps in the activities of the two companies are limited, and because there are other large and capable competitors in the market, such as Ilveco and Fiat-Oto-Melara in Italy,...

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