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Europe Daily Bulletin No. 8744

9 July 2004
Contents Publication in full By article 47 / 50
ECONOMIC INTERPENETRATION / (eu) chemicals

US investment fund APPOLO MANAGEMENT will be buying out US pharmaceutical firm BORDEN CHEMICALS for USD 655 million. the latter is owned by KKR-KOHLBERG KRAVIS ROBERTS. APPOLO will also take over BORDEN CHEMICALS' debt, which is around USD 545 million. Specialised in resins, glues and repair materials, BORDEN obtained a turn-over of USD 1.4 bn in 2003.

Contents

A LOOK BEHIND THE NEWS
: European roots of President Designate of the Commission
THE DAY IN POLITICS
(EU) EU/UKRAINE: Summit reaffirms strategic importance of improved relations, but problems persist
(EU) COUNCIL OF EUROPE: Third pan-European Summit to be held in Warsaw in May 2005
(EU) EU/BOSNIA HERZEGOVINA: EU fine-tunes preparations for its mission in Bosnia
(EU) EU/CFSP: Formal endorsement of common action on European Defence Agency
(EU) EU/CFSP/UKRAINE: Agreement on Ukraine joining EU police mission in Macedonia
(EU) EU/AFRICAN UNION: EU declaration at Addis Ababa summit
GENERAL NEWS
(EU) EU/REGIONAL/SOCIAL: Commission to adopt new structural funds regulations on 15 July
(EU) EU/COMPETITION: Commission sends statement of objections in Groupement des Cartes Bancaires' tariff policy case
(EU) EU/FINANCIAL SERVICES: Spain brought before Court; United Kingdom and Greece sent reasoned opinions for tax discrimination on investment and pension funds
(EU) EU/BUDGET 2005: Council position's Broad guidelines for first reading are out: major blows against EP and refusals of its requests
(EU) EU/BUDGET/FRAUD: EU and Philip Morris official signature to agreement on fighting contraband cigarettes
(EU) EU/ECB: ECB calls for more reforms on labour market
(EU) EU/FINANCIAL SERVICES: EFRAG services unable to adopt opinion on evaluation standard for financial instruments, IAS 39
(EU) EU/INDUSTRIAL PROPERTY:
(EU) EU/AGRICULTURE: EUR 1.8 billion from 2004 to 2006 for food sector and rural development in Poland
(EU) EU/AGRICULTURE: Aid for private storage of certain cheeses
(EU) EU/SUSTAINABLE DEVELOPMENT: Coalition of automotive and energy companies in support of global cooperation guaranteeing sustainable mobility and transport in 2030
(EU) EU/ENVIRONMENT: Water policy: Commission takes legal action against 13 Member States for non-compliance with EU laws on water
(EU) EU/ENVIRONMENT: Commission asks nine Member States to reduce nitrogen dioxide and particulate matter
(EU) EU/ENERGY:
(EU) EU/TRANSPORT: Gilles de Robien "Safety label" for airlines will be discusses in Amsterdam
(EU) EU/MARITIME TRANSPORT: Reasoned opinions sent to nine Member States for lack of maritime safety
(EU) EU/MARITIME TRANSPORT: Action against five countries
(EU) EU/MARITIME TRANSPORT: Reasoned opinion sent to Italy
(EU) EU/MARITIME TRANSPORT R: easoned opinions sent to nine Member States
(EU) EU/MARITIME TRANSPORT: Six Member States to appear before Court of Justice
(EU) EU/PUBLIC TENDER: Court of Justice to decide on award of civil helicopter contract without call for tender in Italy
(EU) EU/UNITED KINGDOM/ENLARGEMENT: Fears of waves of immigrants from new Member States have proven unjustified
(EU) EU/TURKEY: Business world favours Turkey's accession
(EU) EU/FISHERIES/ENLARGEMENT:
(EU) EU/FRANCE: France ruled against for late transposition of "Stable derivatives of human blood or human plasma" directive - Three-judge chamber ruling in absence of magistrate issue
(EU) EU/COURT OF JUSTICE: France ruled against for "gold" and "gold alloy" denomination
(EU) EU/COURT OF FIRST INSTANCE: 1999 fine for eight steel tube producers reduced by 13 million EUR
(EU) ACP/EU: EU and seven southern African countries launch talks for economic partnership agreement
(EU) EU/EIB/ITALY: Loan to Banca Sella to support SME investment
(EU) EU/CONSTITUTION:
(EU) EU/EDUCATION: Mobility, exchanges and citizenship to be key-words of Rotterdam informal "Education" Council
(EU) EU/EDUCATION: Erasmus awarded Prince of Asturias Award 2004 for "international co-operation"
(EU) OSCE: Stepping up the fight against smuggling of human beings
ECONOMIC INTERPENETRATION
(EU) Investment:
(EU) Privatisation:
(EU) Media:
(EU) Telecommunications:
(EU) Electronics:
(EU) Pharmaceuticals:
(EU) Chemicals:
(EU) Leasing:
(EU) Leisure:
€ VALUE IN DIFFERENT CURRENCIES ON 08/07/2004: