| Author (Corporate) | European Commission: Press and Communication Service |
|---|---|
| Series Title | Press Release |
| Series Details | IP/04/1311 (26.10.04) |
| Publication Date | 26/10/2004 |
| Content Type | News |
|
The European Commission on 26 October 2004 approved the acquisition of Phoenix AG by the German undertaking Continental AG subject to divestiture commitments. With a view to the parties' dominant position in the markets for air springs for commercial vehicles and for heavy steel cord conveyor belts, the approval was only possible after the Commission had received commitments which could eliminate the identified competition problems. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/04/1311&format=HTML&aged=0&language=EN&guiLanguage=en |
| Subject Categories | Business and Industry, Internal Markets |
| Countries / Regions | Germany |
