Brussels, 11/08/2004 (Agence Europe) - The European Commission has granted clearance under the Merger Regulation to the proposed acquisition of Alvis plc, a UK-based manufacturer of armoured combat vehicles, by UK defence contractor BAE Systems. The transaction does not raise competition concerns in Europe since BAES is not a major prime contractor and manufacturer of ACVs (armoured combat vehicles), overlaps are limited and other large and capable players compete in the market. BAES and...