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Europe Daily Bulletin No. 9263

13 September 2006
Contents Publication in full By article 13 / 34
GENERAL NEWS / (eu) eu/financial services
Commission specifies criteria and procedure to be used when assessing mergers or acquisitions

Brussels, 12/09/2006 (Agence Europe) - On 12 September, Charlie McCreevy presented to the press a proposal for a directive amending the criteria and rules of procedure to be used for prudent assessment of acquisitions and increased shareholdings in the banking, insurance and real estate sectors (Directives 2006/48/EC, 92/49/EEC, 2002/83/EC, 2005/68/EC and 2004/39/EC). Anxious to lift the obstacles that hamper consolidation movements initiated by the financial markets, the European...

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