Press Release: Commission prohibits acquisition of control of Legrand by Schneider Electric

Author (Corporate)
Series Title
Series Details IP/01/1393 (10.10.01)
Publication Date 10/10/2001
Content Type

Following a detailed investigation, the European Commission decided on 10 October 2001 to prohibit the merger of Schneider Electric and Legrand, the two main French manufacturers of electrical equipment. The merger would have considerably weakened the operation of the market in a number of countries, particularly in France, where the rivalry between the two companies has hitherto been the mainstay of competition.

Source Link Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/01/1393&format=HTML&rapid=0&language=EN&guiLanguage=en
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