News

Alstom/ABB

Premium 01 July 1999

Alstom and ABB, the French and Swiss-Swedish engineering groups, are to pool their power generation business in a new jointly-held company which will have combined sales of 10 billion euros.

DaimlerChrysler price fixing probe

Premium 01 July 1999

The European Commission has begun legal proceedings against DaimlerChrysler for breach of the European competition laws.

Goodrich/Coltec

Premium 01 July 1999

The proposed £1.3 billion merger between US defence companies BF Goodrich and Coltec is still pending five months after its announcement, following concerted efforts by rivals AlliedSignal Inc and Crane Co to block the deal.

Coca-Cola/Orangina

Premium 01 July 1999

Coca-Cola is continuing its discussions with French antitrust authorities for clearance of its US$825 million proposal to acquire Orangina from Pernod Ricard SA.

Rhône-Poulenc/Hoechst

Premium 01 July 1999

A merger between French pharmaceuticals firm Rhône-Poulenc and Hoechst of Germany will create the largest pharmaceuticals and agrochemical company in the world, with annual sales estimated at US$20 billion.

Aetna/Prudential Life

Premium 01 July 1999

US insurance firm Aetna Inc is to acquire Prudential Insurance company’s healthcare business for US$1 billion.

Advice for future head of Competition

Premium 01 July 1999

Following the en-masse resignation of the European Commission on March 16, speculation about who who will succeed Karel van Miert as the next EU Competition Commissioner has been growing.

Brussels telecoms

Premium 01 July 1999

Increased telecommunications work in Brussels has resulted in two opposing trends among firms – the creation of highly specialised niche practices, and ‘going large’ on a pan-European scale.

Reshuffle at London Economics

Premium 01 July 1999

The senior management of London Economics is leaving in a major reorganisation at the consultancy.

Freshfields' new partners

Premium 01 July 1999

David Broomhall and Rod Carlton were named as partners on May 1, bringing the number in the Freshfields EU/competition team up to 18.