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Image header Agence Europe
Europe Daily Bulletin No. 9335
Contents Publication in full By article 10 / 18
GENERAL NEWS / (eu) eu/competition

Commission opens in-depth investigation into proposed takeover of SIG by financial investment groups CVC and Ferd

Brussels, 02/01/2007 (Agence Europe) - On 22 December 2006, the European Commission announced the opening of a detailed investigation into the planned acquisition of joint control by Ferd (the owner of Elopak, Norway) and CVC (of Luxembourg) over SIG of Switzerland. Both Elopak and SIG are suppliers of carton filling machines and carton material for non-carbonated liquid food products packaging. They are the second and third largest suppliers on this market which is dominated by Tetra Pak....