The European Commission welcomes German manufacturer of bearings to withdraw its acquisition of French bearings maker (SNFA/INA/AIG)

"Merger control: Main developments 1 January to 30 April 2004 INA/AIG/SNFA"* The proposed acquisition of the French precision bearing manufacturer SNFA by Europe’s leading bearing producer INA, jointly with the insurance group AIG, is an illustrative example for the impact of competition enforcement even in cases where no final decision is taken. INA/AIG withdrew their notification in January 2004 after the Commission had issued a Statement of Objections, raising concerns that the proposed operation would have led to the creation of a dominant player in Europe. I. Introduction The acquisition of SNFA had originally been notified to several national competition authorities by INA (acting without AIG). However, the deal was abandoned in 2002, after the German authority had signalled

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Oliver Koch, François-Xavier Rouxel, Geraldine Emberger, The European Commission welcomes German manufacturer of bearings to withdraw its acquisition of French bearings maker (SNFA/INA/AIG), 21 janvier 2004, e-Competitions January 2004, Art. N° 38329

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