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Europe Daily Bulletin No. 8728

18 June 2004
Contents Publication in full By article 25 / 42
GENERAL NEWS / (eu) eu/competition
Acquisition of Primacom by Apollo and JP Morgan is cleared

Brussels, 17/06/2004 (Agence Europe) - The European Commission has decided to give its approval to acquisition of joint control over the German broadband cable operator PrimaCom AG by investment companies Apollo Europe V and JP Morgan Chase & Co. The proposed deal provides for the two companies to buy up the assets and operational subsidiaries of PrimaCom in exchange for the elimination of debt and a cash payment. In Leipzig, PrimaCom owns a modern cable "head-end" (infrastructure that...

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