Date: November 1, 2001
Source: News Room
The European Commission has approved plans by two units of the Italian Merloni group and an Italian unit of engineering giant Foster Wheeler (NYSE:FWC) to create three joint ventures to build, operate and manage power stations and incinerator plants. The deal was approved under the commission's simplified procedure, under which uncontroversial mergers are cleared automatically after one month if no entity raises competition concerns. More information: www.fwc.com.
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