The EU Commission clears a merger, subject to remedies, in the markets for satellites and launch services (Arianespace / ASL)

MERGERS: COMMISSION APPROVES ACQUISITION OF ARIANESPACE BY ASL, SUBJECT TO CONDITIONS* Following an in-depth review, the European Commission has approved under the EU Merger Regulation, the acquisition of Arianespace by Airbus Safran Launchers (ASL), a joint venture between Airbus and Safran. This approval is subject to conditions. Commissioner Margrethe Vestager, in charge of competition policy, said: "A well-functioning satellite and launcher industry is important to guarantee that European companies and institutions can gain access to space at competitive terms. The commitments offered by ASL ensure that after its takeover of Arianespace, all players in the industry will continue to have incentives to innovate." The Commission had concerns that the transaction would give rise to

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European Commission, The EU Commission clears a merger, subject to remedies, in the markets for satellites and launch services (Arianespace / ASL), 20 July 2016, e-Competitions Merger Remedies, Art. N° 80284

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