POINTERS
EU approves Etex of Glynwed pipes takeover
The European Commission has approved the takeover of the Glynwed International plc (GB-Birmingham B46 3BP; www.glynwed.co.uk) pipes division by Etex Group SA (B-1150 Brussels; www.etexgroup.com). The deal was announced at the end of January (see Plasteurope.com 04, 2001). The EU said it saw the pipes activities of the two companies as complementary. Moreover, it said there were enough other European competitors for the new group, including Uponor, Wavin, Geberit and Pipelife.
15.03.2001 Plasteurope.com [16835]
Published on 15.03.2001