MINOLTA-KONICA DEAL
August 1st, 2003
BY KEITH NUTHALL
THE EUROPEAN Commission has cleared the proposed acquisition of Minolta by Konica, two Japanese manufacturers of cameras, photocopiers and other imaging products, following a promise by Konica to sell its 40 per cent stake in Sekonic, also of Japan, a photometers manufacturer. Without this sale, Brussels may have blocked the Minolta purchase, because of competition concerns.
THE EUROPEAN Commission has cleared the proposed acquisition of Minolta by Konica, two Japanese manufacturers of cameras, photocopiers and other imaging products, following a promise by Konica to sell its 40 per cent stake in Sekonic, also of Japan, a photometers manufacturer. Without this sale, Brussels may have blocked the Minolta purchase, because of competition concerns.
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.