COMMISSION APPROVES JOINT VENTURE IN MIDDLE EAST PAPER SECTOR.

The European Commission on February 14 approved a joint venture between Neusiedler AG, Austria, and American Israeli Paper Mills Ltd, Israel, with operations centred in Israel and the Middle East in the fine and special paper sector. The joint venture, based in Israel, will specialise in producing and marketing fine and special papers, principally in Israel and the Middle East. The Commission found that the proposed venture will not result in any significant increase of market share in uncoated wood-free fine paper within the EEA and was therefore approved. Neusiedler AG produces and markets office stationery paper...