Brussels, 30/06/2004 (Agence Europe) - The acquisition of Phoenix by Continental, both German producers of rubber products, has, according to the Commission, raised serious misgivings about the effect competition on two markets in particular. The proposed acquisition, which was notified on 12 May, could also create or reinforce a pan-European dominant position for Continental in the fields of air sprung suspension and conveyor belt products.
According to the Commission's inquiry,...