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European Commission Spokesman's Briefing for 07-08-01

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>


CONTENTS / CONTENU

  • [01] Commission clears acquisition of Texaco Benelux by Delek
  • [02] Commission approves proposed joint control of Italia Turismo
  • [03] Commission clears acquisition of Focus by Promontoria
  • [04] Commission clears acquisition of Wrist Group by Altor Fund II
  • [05] La Commission approuve le projet d'acquisition de Bayern Chemie par MBDA
  • [06] Cohesion policy 2007-2013 : United Kingdom has plan and priorities agreed with EU Commission
  • [07] Household saving rate at 14.4% in the euro area and 10.9% in the EU27 Midday Express of 2007-08-01 Reference: MEX/07/0801 Date: 01/08/2007 EXME07 / 1.8

    MIDDAY EXPRESS

    News from the Communication Directorate General's midday briefing

    Nouvelles du rendez-vous de midi de la Direction Générale Communicationb

    01/08/07


  • [01] Commission clears acquisition of Texaco Benelux by Delek

    The European Commission has granted clearance under the EU Merger Regulation to the acquisition of sole control of Texaco Nederland B.V. (the Netherlands) by Delek Benelux B.V., ultimately owned by Delek Group Ltd. (‘Delek&#8217;, Israel). Texaco Belgium SPRL (Belgium) and Texaco Luxembourg SARL (Luxembourg), hereafter jointly referred to as 'Chevron Benelux companies', by way of purchase of shares. Chevron Benelux companies are active in the wholesale and retailing sale of motor fuels. Delek deals with the marketing of fuel products, the exploitation of convenience stores, investments and property management in the energy, infrastructure, automotive, media, finance and wealth management sectors, prime real estate investments. The operation was examined under the simplified merger review procedure.

    [02] Commission approves proposed joint control of Italia Turismo

    The European Commission has granted clearance under the EU Merger Regulation to the proposed joint control of Turismo S.p.A. ('IT', Italy) by Gabetti Property Solutions S.p.A. ('GPS', Italy), Pirelli & C. Real Estate S.p.A. ('PRE', Italy) and Marcegaglia S.p.A. ('Marcegaglia', Italy) together with Sviluppo Italia S.p.A. ('Sviluppo Italia', Italy). GPS is active in the management of real estate and related financial services. PRE deals with real estate investments, Marcegaglia with steel and metallurgic sector; ship-building, home products, tourist, financial and environmental services. Sviluppo Italia is an Italian national agency for the economic development of disadvantaged areas. IT is active in the management of tourist complexes. The operation was examined under the simplified merger review procedure.

    [03] Commission clears acquisition of Focus by Promontoria

    The European Commission has granted clearance under the EU Merger Regulation to the acquisition of sole control of FW No.4 Limited (FW4) and thereby the operating companies of the Focus DIY Group (Focus) of the UK by Promontoria Holding IV B.V. (Promontoria) of The Netherlands, controlled by Cerberus Group (Cerberus) of the US. Cerberus is a private equity investment company. Focus and FW4 are DIY and gardening retailers with business activities limited to the UK. The operation was examined under the simplified merger review procedure.

    [04] Commission clears acquisition of Wrist Group by Altor Fund II

    The European Commission has granted clearance under the EU Merger Regulation to the acquisition of sole control of Wrist Group by Altor Fund II. Altor Fund II is a private equity investment fund that is controlled by the Nordic private equity firm Altor. Altor focuses on investments in the middle market segment of the Nordic region. Wrist Group is active in the provision of marine fuel and ship supplies. The operation was examined under the simplified merger review procedure.

    [05] La Commission approuve le projet d'acquisition de Bayern Chemie par MBDA

    La Commission européenne a autorisé, en vertu du règlement CE sur les concentrations, le projet d'acquisition de l'entreprise allemande Bayern- Chemie Gesellschaft für flugchemische Antriebe mbH par le groupe MBDA. Après examen, la Commission a conclu que l'opération envisagée n'entraverait pas de manière significative une concurrence effective dans l'Espace économique européen ou une partie substantielle de celui-ci.

    [06] Cohesion policy 2007-2013 : United Kingdom has plan and priorities agreed with EU Commission

    The United Kingdom has reached agreement with European Regional policy Commissioner Danuta Hübner and Employment and Social Affairs Commissioner Vladimír `pidla on its national plan and priorities for Cohesion Policy 2007-2013. In their National Strategic Reference Framework (NSRF), the United Kingdom authorities describe how they plan to invest €9.9 billion over seven years in line with the Lisbon Strategy for growth and jobs.

    [07] Household saving rate at 14.4% in the euro area and 10.9% in the EU27

    Eurostat and the European Central Bank release a detailed set of quarterly European sector accounts. This Eurostat news release focuses on three key indicators: the household saving rate, and the investment rate and profit share of non-financial businesses. In the first quarter of 2007, the seasonally adjusted gross saving rate of households was 14.4% in the euro area (EA13). This is the second consecutive rise in the rate, which was 14.1% in the fourth quarter of 2006 and 13.8% in the third quarter. In the EU27, the household saving rate was 10.9% in the first quarter of 2007, compared with 11.0% in the fourth quarter of 2006, extending the downward trend that started in 2001. From EUROPA, the European Commission Server at http://europa.eu.int/

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