The EU Commission approves subject to divestiture a proposed takeover in the hydro power industry (Siemens / VA Tech)

"Mergers — Main developments between 1 May and 31 August 2005"* The European Commission approved under the EU Merger Regulation the proposed takeover of the VA Tech group of Austria by Siemens of Germany, subject to the condition that Siemens divests itself of VA Tech’s hydro power business and ensures the independence of metallurgical plant builder SMS Demag. The Commission

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Authors

  • JG Associates (Brussels)
  • DG COMP (Brussels)

Quotation

John Gatti, Mary Loughran, The EU Commission approves subject to divestiture a proposed takeover in the hydro power industry (Siemens / VA Tech), 13 July 2005, e-Competitions Bulletin July 2005, Art. N° 38290

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