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Image header Agence Europe
Europe Daily Bulletin No. 9648
Contents Publication in full By article 21 / 33
GENERAL NEWS / (eu) eu/competition

Commission approves proposed acquisition of Protac by Roxel

Brussels, 22/04/2008 (Agence Europe) - On Tuesday 22 April, the European Commission cleared the proposed acquisition of Protac by Roxel. The two French companies supply propulsion systems for guided weapons. The Commission investigation looked at several aspects of the relations between the companies, which form part of a complex network of control and shareholding. Firstly, Protac is ultimately wholly owned by MBDA, which also owns part of Roxel. Furthermore, MBDA (itself a BAE Systems plc,...

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