LENZING ETC
October 1st, 2001
Keith NuthallTHE EUROPEAN Commission has blocked the planned takeover by London-based CVC Capital Partners Group Ltd, (CVC), of Austrian man-made fibres manufacturer Lenzing AG. Because CVC already controls Acordis, Lenzing's principal rival in Europe, and only rival in the United States, Brussels has ruled that a merged company would have a dominant position in a number of fibres markets, that could "reduce choice and lead to higher prices for customers and end consumers."In particular, said the Commission, there would have been "very serious competition ...
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