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EUROPEAN COMMISSION BLOCKS GE-HONEYWELL MERGER

BRUSSELS, “The merger between GE and Honeywell, as it was notified, would have severely reduced competition in the aerospace industry and resulted ultimately in higher prices for customers, particularly airlines, said EU Competition Commissioner Mario Monti in a statement. Given the nature of the competition concerns on which the merger would be based, adding the fact that GE was unable to propose u...

AVIONEWS - World Aeronautical Press Agency - 14915
Rome, Italy, 07/04/2001 13:54
AVIONEWS - World Aeronautical Press Agency

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