The EU Commission clears at phase I, subject to a structural remedy, the acquisition whereby a wholly-owned subsidiary would acquire a non-destructive testing business in the electric sector (GE / GEAE)

Introduction 1 On 5 December 2003 the European Commission (the Commission), cleared at Phase I, subject to a structural remedy, the acquisition whereby the General Electric Company (GE), via a wholly-owned subsidiary, GE Aircraft Engines (GEAE), would acquire Agfa-Gevaert’s non-destructive testing business (Agfa NDT). [1] It was determined by the Commission that the structural remedy removed its competition concerns and as such the merger was “compatible with the common market and with the EEA Agreement.” [2]2 On 19 March 2003 the Commission received a referral request under Article 22(3) of the Council Regulation (EC) No. 4064/89 on the control of concentrations between undertakings (the Merger Regulation) from the German Bundeskartellamt which was joined by Austria, Greece, Ireland,

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

  • Trinity College Dublin

Quotation

Paul Gorecki, The EU Commission clears at phase I, subject to a structural remedy, the acquisition whereby a wholly-owned subsidiary would acquire a non-destructive testing business in the electric sector (GE / GEAE), 5 December 2003, e-Competitions December 2003, Art. N° 81738

Visites 100

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues