EUROPEAN COMMISSION DAILY NEWS – 04 APRIL

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EUROPEAN COMMISSION DAILY NEWS - 04 APRIL
04 Apr 2018

EUROPEAN COMMISSION DAILY NEWS – 04 APRIL

Brussels, Brussels Daily

MAIN NEWS

EUROSTAT: Flash estimate – March 2018 – Euro area annual inflation up to 1.4%

Euro area annual inflation is expected to be 1.4% in March 2018, up from 1.1% in February, according to a flash estimate from Eurostat, the statistical office of the European Union. Full text available here

EUROSTAT: February 2018 Euro area unemployment at 8.5% EU28 at 7.1%

The euro area (EA19) seasonally-adjusted unemployment rate was 8.5% in February 2018, down from 8.6% in January 2018 and from 9.5% in February 2017. This is the lowest rate recorded in the euro area since December 2008. The EU28 unemployment rate was 7.1% in February 2018, down from 7.2% in January 2018 and from 8.0% in February 2017. This is the lowest rate recorded in the EU28 since September 2008. These figures are published by Eurostat, the statistical office of the European Union. Full text available here

Mergers: Commission clears acquisition of the Vita Group by Strategic Value Partners

The European Commission has approved, under the EU Merger Regulation, the acquisition of Vita Cayman Limited, the ultimate holding company of the Vita Group, of the UK by Strategic Value Partners, LLC of the US. The Vita Group is a pan-European manufacturer and supplier of polyurethane foam, including production of foam and conversion of foam. Strategic Value Partners, LLC is a privately owned investment firm that manages hedge funds and private equity funds, and invests in public and private equity markets, debt markets and other alternative investment markets world-wide. The Commission concluded that the proposed acquisition would raise no competition concerns given the lack of horizontal overlaps and vertical links between the activities of the Vita Group and the other portfolio companies of Strategic Value Partners, LLC. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.8830.

 

 

ANNOUNCEMENTS

Commissioner Stylianides visits Lebanon

Commissioner for Humanitarian Aid and Crisis Management Christos Stylianides is in Lebanon today. He will meet with Lebanese officials: Speaker of Parliament Nabih Berri, Prime Minister Saad Hariri, Social Affairs Minister Pierre Bou Assi and Minister of State for Displaced Affairs Mouin Merhebi. Discussions will be on the relations between the European Union and Lebanon, as well as on the humanitarian situation in Lebanon and the region. He will also discuss ways to assist Lebanon to continue to address the Syrian refugee crisis and how to further support host communities. The Commissioner will also deliver a speech at the opening ceremony of the conference: “Diversity in Unity and Fundamental Freedoms for Christians and Muslims in the Middle East: A Conference for Parliamentary Dialogue” that is held at the Lebanese Parliament.

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