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European Commission Spokesman's Briefing for 00-08-30

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 Service Presse et Communicationb

30/08/2000


CONTENTS / CONTENU

  • [01] Commission approves full take-over of Frosch Touristik (FTI) by Airtours plc.
  • [02] Commission clears acquisition by Menzies (UK) of joint control of Lufthansa Ground Services (UK)
  • [03] La Commission autorise l'acquisition de la Société des Aciers d'Armature pour le Béton (France) par Riva (Italie)
  • [04] La Commission autorise la création d'une entreprise commune par Sextant et Diehl
  • [05] Commission gives Siemens conditional go-ahead to take control of Mannesmann subsidiaries Dematic, VDO and Sachs. Bosch's acquisition of Rexroth is still under examination

  • [01] Commission approves full take-over of Frosch Touristik (FTI) by Airtours plc.

    The European Commission has approved the full take-over of the German tour operator Frosch Touristik GmbH (FTI) by the British travel firm Airtours plc, which has held a 38.8% share in FTI since 1998 (approved by the Federal Cartels Office on 25.2.2000). Now that the Commission has given the go-ahead, the UK firm increases its share to 100% and takes full control over FTI.

    [02] Commission clears acquisition by Menzies (UK) of joint control of Lufthansa Ground Services (UK)

    The European Commission has authorised an operation whereby Menzies Transport Services Limited [MTS] acquires joint control of Lufthansa Ground Services (London Limited) [LGS], which is presently wholly owned by Globe Ground GmbH, through the acquisition of 49% of the share capital. There are no affected markets in the sense of the Merger Regulation, and the operation will not change the present market structure or result in additional foreclosure effects on the markets for passenger ground handling and ramp handling services at Heathrow airport.

    [03] La Commission autorise l'acquisition de la Société des Aciers d'Armature pour le Béton (France) par Riva (Italie)

    La Commission européenne a autorisé, sur la base de l'article 66 du traité CECA et du règlement sur les concentrations, l'acquisition de la Société des Aciers d'Armature pour le Béton (SAM) par Riva Acciaio SpA (Riva). Ces deux sociétés fournissent des aciers d'armature à l'industrie de la construction.

    [04] La Commission autorise la création d'une entreprise commune par Sextant et Diehl

    La Commission européenne a autorisé la création d'une nouvelle entreprise commune par Sextant (France) et Diehl (Allemagne) dans le secteur de l'avionique. Cette nouvelle entreprise commune combinera les activités de VDO-L, l'ancienne entreprise commune de Sextant/Diehl, et celles de Diehl dans le secteur des systèmes de contrôle et de navigation.

    [05] Commission gives Siemens conditional go-ahead to take control of Mannesmann subsidiaries Dematic, VDO and Sachs. Bosch's acquisition of Rexroth is still under examination

    The European Commission today has given the go-ahead for Siemens AG to acquire control of the Mannesmann subsidiaries Dematic, VDO and Sachs. The authorisation has been granted in connection with the joint acquisition of Mannesmann's Atecs industrial holding company by Siemens and Bosch. In addition to Mannesmann-VDO, Mannesmann- Dematic and Mannesmann-Sachs, the holding company also includes Mannesmann-Demag and Mannesmann-Rexroth. Rather than controlling the five subsidiaries together through Atecs, the purchasers intend to acquire control using control agreements and other forms of agreement, whereby Demag will be the only Mannesmann subsidiary jointly controlled by Siemens and Bosch through Atecs, while Rexroth will be controlled solely by Bosch and VDO, Dematic and Sachs will be controlled exclusively by Siemens. Today's decision by the Commission today concerns only the latter cases. The Commission approved the acquisition of Demag by Siemens and Bosch on 11 August 2000. As regards Bosch's acquisition of Rexroth, the Commission has serious reservations about the compatibility of the operation with the single market and has therefore decided to conduct a detailed examination, which will last no longer than four months. MIDDAY EXPRESS autre matériel à diffuser: A disposition au secrétariat de Michael Tscherny et Amelia Torres (BREY 6/80) Deux notifications préalables d'une opération de concentration:

    MIDDAY EXPRESS


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


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