SIEMENS TAKEOVER
September 1st, 2002
BY KEITH NUTHALL
THE EUROPEAN Commission has cleared the acquisition of Siemens "ceramics" business unit by US investment firm Kohlberg Kravis & Roberts. The takeover deal involves the purchase of seven Siemens businesses, companies or subsidiaries.
Brussels concluded that there were no serious competition concerns as KKR has little presence in the markets concerned.
THE EUROPEAN Commission has cleared the acquisition of Siemens "ceramics" business unit by US investment firm Kohlberg Kravis & Roberts. The takeover deal involves the purchase of seven Siemens businesses, companies or subsidiaries.
Brussels concluded that there were no serious competition concerns as KKR has little presence in the markets concerned.
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.