Businesses in Germany back cross-border merger rules

German business (the BDI industry federation and the BDA employers' association) on 29 November 2004 welcomed new European Union rules that facilitate cross-border mergers within the bloc, following German government concessions to the EU. On 25 November 2004 the EU's Competitiveness Council agreed by a large majority on a general approach to a Directive on cross-border mergers of limited liability companies.

European Commission: DG Internal Market: Financial reporting and company law: Company law and corporate governance: Cross border mergers http://ec.europa.eu/comm/internal_market/en/company/company/mergers/mergers_en.htm

Council of the European Union: Press Release: PRES/04/323 http://consilium.europa.eu/ueDocs/cms_Data/docs/pressData/en/intm/82805.pdf

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