The Commission announced on Tuesday (14 November) that it had begun a routine inquiry into a plan by Italian chemicals group Montedison…

Series Title
Series Details 16/11/95, Volume 1, Number 09
Publication Date 16/11/1995
Content Type

Date: 16/11/1995

...to take joint control of France's Société Centrale d'Investissements (SCI). Under the plan, Montedison would buy shares in SCI from Société Gardini, which it now jointly owns with Groupe Vernes. The Commission has a month to decide whether to clear the acquisition or deepen the investigation.

Similar inquiries were opened into a planned joint venture to develop and market a new wheat herbicide between US firm Monsanto and Germany's Bayer, and into a plan by John Controls Inc. to take control through a share purchase of France's Roth Frères. The Commission has a month to clear the plans or investigate the joint ventures further.

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