EC Statement: Mergers — Commission clears GE’s acquisition of Italian aviation equipment company Avio, subject to conditions
( July 2, 2013, 09:45 GMT | Official Statement) -- MLex Summary: The European Commission has conditionally cleared General Electric’s proposed acquisition of Avio’s aviation business. The regulator’s probe showed that the deal would have allowed GE to acquire a significant degree over influence in the Eurojet consortium and access strategic information of its rivals. GE offered a series of commitments to ensure that Eurojet’s strategic information is protected and that Eurojet and Eurofighter can continue to participate in future campaigns for export sales.The full statement follows:...
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.