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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....

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