EC extends IPIC, MAN Ferrostaal Phase I review following remedies
By Dafydd Nelson ( February 24, 2009, 09:44 GMT | Insight) -- The European Commission has extended the Phase I deadline to rule on plans by IPIC, the International Petroleum Investment Company, to take a 70 percent stake in industrial services supplier MAN Ferrostaal from the MAN Group by ten working days after the company offered remedies to offset antitrust concerns. The new deadline is 13 March.The European Commission has extended the Phase I deadline to rule on plans by IPIC, the International Petroleum Investment Company, to take a 70 percent stake in industrial services supplier MAN Ferrostaal, from the MAN Group by ten working days after the company offered remedies to offset antitrust concerns....
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