THE EUROPEAN Commission has announced an in-depth investigation into the proposed acquisition of the textile division of the Swiss company Sulzer by Italy's Promatech SpA, a subsidiary of Radici, the Italian leader in the weaving machines sector. The Commission said the competition authorities of a number of EU countries had requested the probe on the grounds that the deal would create or strengthen a dominant position in the sector, (potentially harming choice) and could affect cross-border trade. The Commission said it was particularly ...

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