Mergers: Commission clears acquisition of Italian aviation equipment company Avio by GE, subject to conditions

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the aviation business of Avio S.p.A. of Italy by General Electric Company of the United States. The decision is conditional upon a series of commitments aimed at safeguarding the competitive position of the Eurojet consortium. Eurojet manufactures the engine for the Eurofighter, a combat aircraft used by Italy, Germany, the United Kingdom, Spain and Austria.

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