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European Commission Spokesman's Briefing for 96-08-20

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

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

20 / 08 / 1996


CONTENTS / CONTENU

  • [01] Commission clears joint venture of Siemens and Sommer Allibert for car cockpits
  • [02] Commission approves the acquisition of CompuNet by General Electric
  • [03] Commission approves the acquisition of 62% of Arus Distribution Industrielle SA by Klöckner Stahl- und Metallhandel GmbH
  • [04] La Commission met 251 millions d'Ecus à la disposition des PME en Espagne

  • [01] Commission clears joint venture of Siemens and Sommer Allibert for car cockpits

    The European Commission has given the green light to the formation of a joint venture between Siemens AG and Sommer Allibert Industrie AG, a subsidiary of French Sommer Allibert S.A., for the development, production, installation and sales of integrated cockpits for cars. The concentration is not likely to lead to the creation or strengthening of a dominant market position.

    [02] Commission approves the acquisition of CompuNet by General Electric

    The European Commission has approved an operation by which GE Capital Technology Services GmbH and GE Capital Computer Services GmbH, wholly-owned subsidiaries of the General Electric Capital Corporation (GE) intend to acquire sole control of the German company CompuNet Computer AG (CompuNet) by way of purchase of its entire issued share capital. CompuNet carries out its business exclusively in Germany where it reaches small market shares. Since GE does not operate in the information technology market in the European Union, and CompuNet operates only in Germany where, no geographical overlap exists.

    [03] Commission approves the acquisition of 62% of Arus Distribution Industrielle SA by Klöckner Stahl- und Metallhandel GmbH

    The European Commission has approved an operation by which the German undertaking Klöckner Stahl- und Metallhandel GmbH (KSM), part of the diversified VIAG group, will acquire 62% of ARUS Distribution Industrielle SA (ARUS). The operation will not lead to the creation or strengthening of a dominant position. This approval under the Merger Regulation concerns only those products not covered by the European Coal and Steel Community (ECSC) Treaty. Essentially these are tubes, cut and bent reinforcing bars, hollow sections, supplies to the manufacturing and construction industries and aluminium. The ECSC aspects of the proposed operation will be dealt with in a separate decision under Article 66 of the ECSC Treaty.

    [04] La Commission met 251 millions d'Ecus à la disposition des PME en Espagne

    La Commission européenne a accordé une aide de 251,10 millions d'Ecus des Fonds Structurels pour améliorer la compétitivité des petites et moyennes entreprises espagnoles et pour promouvoir leur adaptation au marché unique. L'aide européenne s'ajoute aux 121,50 millions d'Ecus de financements publics nationaux et au 1,01 milliard d'Ecus de financements privés, ce qui portera l'investissement total à presque 1,4 milliard d'Ecus. Ce programme fait partie de l'Initiative Communautaire PME et se déroulera jusqu'à fin 1999.

    MIDDAY EXPRESS


    From EUROPA, the European Commission Server at http://www.cec.lu/
    © ECSC - EC - EAEC, Brussels-Luxembourg, 1995, 1996


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