Commission clears acquisition of joint control by Thomson-CSF (France),Caja Madrid and Banco Zaragozano (Spain) of Indra (Spain)
;The European Commission has authorised the acquisition of joint control by French electronics and defense systems maker Thomson-CSF and Spanish financial institutions Caja Madrid and Banco Zaragozano of Indra, a Spanish company active in information and control systems. This transaction takes place in the context of the recent privatisation of Indra. ;The Commission concludes that this transaction will not create or strengthen a dominant position on any relevant product or geographic market. ;Thomson is a French company specialised in professional electronics and defense systems. Caja Madrid and Banco Zaragozano are two Spanish financial institutions, essentially active in the banking and insurance sectors. Indra is a Spanish company active in the business of information and control systems, and also having a presence in simulation, automatic test equipment and defense electronics. ;The operation will have no material impact on competition, as neither Caja Madrid nor Banco Zaragozano have any participations in Indra's field of activities, and, although Thomson has activities in the same field as Indra, it already participated in the joint control of Indra prior to the operation
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Commission clears acquisition of joint control by Thomson-CSF (France),Caja Madrid and Banco Zaragozano (Spain) of Indra (Spain)
