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European Commission Spokesman's Briefing for 98-10-26

Midday Express: News from the EU Commission Spokesman's Briefings Directory - Previous Article - Next Article

From: EUROPA, the European Commission Server at <http://europa.eu.int>

MIDDAY EXPRESS

News from the Spokesman's midday briefing

Nouvelles du rendez-vous de midi du Porte-Paroleb

26/10/98


CONTENTS / CONTENU

  • [01] La Commission approuve la mise en commun par Iveco et Renault de leurs activités respectives dans le domaine des autocars et autobus
  • [02] Commission clears Marsh McLennan and Sedgwick merger
  • [03] Commission gives green light to acquisition by Kodak of certain Imation imaging activities
  • [04] Commission approves an acquisition in the paper sector
  • [05] Commission launches an in-depth enquiry into LHZ proposed joint venture concerning earth information systems
  • [06] Emploi des personnes handicapées à l'intérieur des services de la Commission

  • [01] La Commission approuve la mise en commun par Iveco et Renault de leurs activités respectives dans le domaine des autocars et autobus

    La Commission européenne a approuvé une opération par laquelle les entreprises Iveco S.p.A. (Fiat) et R.V.I. (Renault Véhicules Industriels - Renault S.A.) acquièrent le contrôle conjoint d'une entreprise commune destinée à regrouper les activités des parties dans le domaine des autocars/autobus.

    [02] Commission clears Marsh McLennan and Sedgwick merger

    The European Commission has approved a proposed concentration by which Marsh & McLennan Companies Inc. (US) acquire control of the whole of Sedgwick Group plc (UK) by acquiring Sedgwick's entire share capital. Both companies are leading insurance brokers. The merged entity will have a clear market leadership in several European countries by holding substantial shares of the insurance broking market. Yet competition from other insurance distributors as well as the important countervailing power of customers coupled with their possibility to switch to alternative forms of risk management will prevent the new entity from dominating the European broking sector. Similar considerations have allowed the Commission to exclude the possibility that the merger could result in a dominant position on the UK and Irish markets for human resource consulting where the parties have significant market shares.

    [03] Commission gives green light to acquisition by Kodak of certain Imation imaging activities

    The European Commission has decided to approve an operation by which the Eastman Kodak Company ("Kodak") will acquire certain businesses from Imation Corp ("Imation"). The businesses concerned are Imation's medical imaging business world-wide, Imation's dry imagesetting film technology, and Imation's document imaging business in Germany.

    [04] Commission approves an acquisition in the paper sector

    The European Commission has approved an operation in the paper sector through which the group CVC Capital Partners Europe Ltd (CVC) through its Italian subsidiary, Cartiere del Garda, S.p.A. acquires sole control over the French company, Smurfit Condat, S.A., belonging to the Jefferson Smurfit Group. CVC, like the target company, is a producer of coated wood free paper. Due to the limited size of the combined market share in this product attained by the merger, the operation give rise to no competition concerns. Consequently, the Commission has decided to declare it compatible with the common market and the European Economic Area agreement.

    [05] Commission launches an in-depth enquiry into LHZ proposed joint venture concerning earth information systems

    The European Commission has decided to proceed to an in-depth investigation under the Merger Regulation of the establishment of new joint venture "LHZ" which will produce image-based earth information systems ("EIS"), that is, airborne cameras and associated image processing equipment used principally for high-precision mapping and similar applications. The joint venture would be ultimately controlled by the General Electric Company plc (UK), Carl Zeiss-Stiftung (Germany), and a private investor.

    [06] Emploi des personnes handicapées à l'intérieur des services de la Commission

    La Commission européenne vient d'adopter à l'intention de ses propres services un "Code de bonne conduite pour l'emploi des personnes handicapées". Le Code indique des lignes directrices à l'attention des Directions générales et des services, afin que les besoins de ces personnes soient mieux pris en compte au moment du recrutement, durant le déroulement des carrières et en ce qui concerne l'aménagement de l'environnement de travail.

    MIDDAY EXPRESS


    From EUROPA, the European Commission Server at http://europa.eu.int/
    © ECSC - EC - EAEC, Brussels-Luxembourg, 1995, 1996


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