Brussels, 22/10/2007 (Agence Europe) - On 19 October 2007, the European Commission approved the planned takeover of the US-based Hilton hotel chain by the asset manager Blackstone, also of the US.
The Commission's examination of the planned deal showed that there was an overlap between the parties' activities in the hotel industry in Germany (particularly Dresden and Mainz) but given the modest presence of Blackstone and Hilton and the existence of strong competitors on the hotel market in...