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,

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Auteur

  • Trinity College Dublin

Citation

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 décembre 2003, e-Competitions December 2003, Art. N° 81738

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