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Mergers: European Commission approves the EuroSystems transaction between BAE Systems and Finmeccanica in the defence sector

Brussels, Belgium - It has granted clearance to the proposed acquisition of some activities

"The European Commission has granted clearance under the EU Merger Regulation to the proposed acquisition of the avionics and communication business of BAE Systems, the UK defence contractor, by Italian defence company Finmeccanica, and the de-merger of their AMS joint-venture. These concentrations are part of the so-called ‘EuroSystems’ transaction that the parties concluded in January 2005. The Com...

fra/pec - 116351

AVIONEWS - World Aeronautical Press Agency
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