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European Commission Spokesman's Briefing for 99-04-07
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
07/04/99
CONTENTS / CONTENU
[01] EU-US banana dispute
[02] Feu vert à l'acquisition d'Aeroquip-Vickers Inc. par Eaton Corporation
[03] Commission approves takeover of GEA by Metallgesellschaft
[01] EU-US banana dispute
Sir Leon Brittan, Vice President of the European Commission, issued the
following statement after receipt from the World Trade Organisation of the
reports on European Union (EU) banana import rules : "We will carefully
study both the arbitrator's report and the two panel reports and of course
meanwhile reserve our right of appeal. We will naturally abide by the
rules applicable in the case of such decisions, as we have consistently
said we would. It is, however, already clear from the arbitrator's report
that the unilateral US retaliation currently in place against EU exports
has been and remains largely illegal, as it is set at a level well over
double that determined by the arbitrator. To comply with the law the US
must now in any event immediately end sanctions and the threat of sanctions
on over half the trade currently subject to them."
[02] Feu vert à l'acquisition d'Aeroquip-Vickers Inc. par Eaton Corporation
La Commission européenne a approuvé le rachat d'Aeroquip-Vickers,
Incorporated (Aeroquip-Vickers) par Eaton Corporation (Eaton). Eaton
fabrique au niveau mondial des équipements électriques et électroniques de
distribution et de commande, des pièces de moteurs, des produits
hydrauliques ainsi que des systèmes de défense pour l'industrie
aérospatiale, l'industrie automobile et d'autres industries. Aeroquip-
Vickers fabrique et distribue des pièces usinées pour l'automobile,
l'aérospatiale et d'autres industries. Ces deux entreprises sont
américaines.
[03] Commission approves takeover of GEA by Metallgesellschaft
The European Commission has approved the takeover of GEA AG, Bochum, by
Metallgesellschaft (MG), Frankfurt, which will acquire 74.85% of GEA's
ordinary shares and will incorporate GEA into its engineering activities
(Lurgi AG), where turnover will increase from just under DEM 5 billion to
almost DEM 10 billion. Since Lurgi builds integrated plants and GEA
manufactures components, systems and production lines, their activities do
not overlap but represent a vertical integration of engineering and
production.
MIDDAY EXPRESS
From EUROPA, the European Commission Server at http://europa.eu.int/
© ECSC - EC - EAEC, Brussels-Luxembourg, 1995, 1996
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