Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

EU Upholds SEB Purchase of Moulinex Units
Nov 11, 2003
 Printable format
 Email this Article
 Search

Ending a drawn-out regulatory review, the European Union (EU) Commission approved French small electrical appliance maker SEB SA's purchase of parts of Moulinex SA.

In January 2002, the EU gave approval while requiring SEB to grant third-party licenses to the Moulinex brand for 5 years in nine of the 15 EU countries. SEB also promised not to use the Moulinex brand for another 3 years after those licenses expired.

EU regulators also referred review of the competition effects on the French market to French authorities, who subsequently cleared the deal.

SEB proceeded to grant Moulinex licenses to Italy's Saeco International Group for eight EU countries and to Greece’s Benrubi in its home market. These licenses do not apply in Spain, Finland, Italy, Ireland, and the UK.

However, rivals Royal Philips Electronics NV and France’s Babyliss still appealed to the European Court of First Instance. In April 2003, the Court annulled the decision in those five EU countries, where no licenses had been granted.

Shortly after, SEB refiled its application to the EU for antitrust approval. In May, the Commission opened an in-depth, 4-month probe into the deal’s impact in the five European countries. It suspended its probe in July to seek further information and had set Nov. 25 as its deadline for reaching a final decision.

The regulators concluded SEB "will neither hold nor strengthen a dominant position on any of the relevant market." (Dow Jones)

Back to Daily News

 

Daily News

...........................................................

Nov 21, 2014: Electrolux: new U.S. fridge efficiency requirements are more complex than anticipated

Nov 21, 2014: Whirlpool brand launches Perceptions of Care video

Nov 21, 2014: Hon Hai 3Q profit $1 billion

Nov 21, 2014: Environmental Product Declarations for aluminum product types released

Nov 20, 2014: Report: Drop in affluents' consumer confidence may foretell signal trouble ahead for some retailers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows