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worms & cie is a french group active in the paper (arjo wiggins appleton) and sugar (générale sucrière) industries. the insurance subsidiary of worms & cie (athéna) will be sold to assurances générales de france if the takeover bid is successful. landis & gyr is the only other supplier on this market. however, in the course of the proceedings siemens gave an undertaking to sell all of elektrowatt's payphone activities to an independent third party. the buyer will also have the same access to payphone technology, developed mainly by siemens, as landis & gyr has had until now. this undertaking will resolve the competition problem on the german market for 'public' payphones and, provided it is honoured, the merger can therefore be approved. j ardine/appleyard
komissio antoi luvan toimeen, jolla arbed sa -yhtiö hankkii valvontaansa aceralia corporación siderúrgica -yhtiön (aceralia) ostamalla tämän yhtiön osakkeista 35 prosenttia, jotka tällä hetkellä ovat espanjalaisen sociedad estatal de participaciones industriales -yhtiön hallussa.
