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Europe Daily Bulletin No. 8763

6 August 2004
GENERAL NEWS / (eu) eu/competition
Commission authorises acquisition of Tibbett & Britten by Exel

Brussels, 05/08/2004 (Agence Europe) - The Commission has approved the acquisition of the British company Tibbet & Britten Group by its competitor, Exel. The public offer to purchase made by Exel is estimated at 328 million, and the company hopes to complete the operation by the end of the year.

The two companies based in the United Kingdom are present in the sector of contract logistics throughout the world and provide services for manufacturers and retailers, including the provision of...