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European Commission Spokesman's Briefing for 96-07-15
From: HR-Net News Distribution Manager <dist@hri.org>
MIDDAY EXPRESS
News from the Spokesman's midday briefing
Nouvelles du rendez-vous de midi du Porte-Paroleb
15 / 07 / 1996
CONTENTS / CONTENU
[01] Commission approves the merger between Lucas and Varity
[02] Convention de Lomé - La Commission finance un programme de
réhabilitation en Somalie (47 millions d'Ecus)
[03] Nicaragua: Commission approves medical aid package worth ECU 1.5
million
[01] Commission approves the merger between Lucas and Varity
The European Commission has approved an operation by which the companies
Lucas Industries plc, Solihull/UK ("Lucas"), and Varity Corporation, Buffalo, New
York/USA ("Varity"), will enter into a full merger. Under the terms of the merger
a new UK holding company, to be known as LucasVarity plc, will be created. The
Lucas shareholders will own about 62% and the Varity shareholders about 38%
of the new merged business.
[02] Convention de Lomé - La Commission finance un programme de
réhabilitation en Somalie (47 millions d'Ecus)
La Commission européenne vient de décider, dans le cadre du Fonds Européen
de Développement, instrument financier de la Convention de Lomé, un
financement de 47 millions d'Ecus en faveur de la Somalie pour un programme
de réhabilitation dans les régions où règnent actuellement la paix et une stabilité
politique relative. Le programme vise un appui aux secteurs productifs, aux
secteurs sociaux, aux infrastructures, aux petites et moyennes entreprises et à
la création d'institutions.
[03] Nicaragua: Commission approves medical aid package worth ECU 1.5
million
The European Commission has approved a package of medical aid worth ECU
1.5 million for Nicaragua. The aid, channelled via the European Community
Humanitarian Office (ECHO), will enable non-governmental organisations from
Spain and Italy to carry out a programme of medical aid over the next six months.
MIDDAY EXPRESS
From EUROPA, the European Commission Server at http://www.cec.lu/
© ECSC - EC - EAEC, Brussels-Luxembourg, 1995, 1996
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