ACQUISITION OF INDRA BY THOMSON-CSF, CAJA MADRID AND BANCO ZARAGOZANO CLEARED.

The European Commission announced on May 7 that it has cleared plans by French consumer electronics and defence systems group Thomson-CSF and Spanish banks Caja Madrid and Banco Zaragozano to take joint control of Indra, a Spanish company specialising in information and control systems. After a brief scrutiny under the 1989 Merger Regulation, the Commission's Merger Task Force concluded that the deal, which follows the recent privatisation of Indra, would neither create nor strengthen a dominant position on any relevant product or geographic market.Indra is a Spanish company active in the business of information and control systems, but also has a...