Brussels, 14/07/2005 (Agence Europe) - The takeover of VAT Technologie AG has been approved subject to the condition that Siemens divests itself of VA Tech's hydro power business and ensures the independence of metal plant builder SMS Demag. Satisfied with the commitments proposed by the German firm, the Commission decided, on Wednesday, to authorise the deal evaluated at EUR 995 million, after which Siemens will control 97.5% of VA Tech shares. The Austrian company, which is the European...