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Europe Daily Bulletin No. 8889

16 February 2005
Contents Publication in full By article 22 / 35
GENERAL NEWS / (eu) eu/competition
Probe into Siemen's acquisition of VA Tech

Brussels, 15/02/2005 (Agence Europe) - The Commission has opened the second phase of its investigation under the EU Merger Regulation into the planned acquisition by the German Siemens group of the Austrian company VA Tech, which aimed to acquire at least 90% of its competitor for EUR 995 million. It now has four months to investigate whether the proposed acquisition will significantly lessen effective competition in the European Union and the EFTA markets. “This takeover is in a...

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