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Europe Daily Bulletin No. 8865

13 January 2005
Contents Publication in full By article 29 / 39
GENERAL NEWS / (eu) eu/competition

12/01/2005 (Agence Europe) - The European Commission has granted clearance to the acquisition of joint control of Cetelem GmbH Germany by Dresdner Bank and Cetelem SA France. Cetelem is a French company and a subsidiary of BNP Paribas. It is active mainly in providing credit to individuals in various countries in the EU. In Germany, Cetelem SA is active through its 70% subsidiary Cetelem GmbH with the other 30% currently owned by Dresdner, which has increased its share to 49.9%. The...

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A LOOK BEHIND THE NEWS
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GENERAL NEWS