By Liz White, ERJ staff
Hannover, Germany-Continental AG has acknowledged that the European Commission has decided to take its investigation of the planned takeover of Phoenix AG into Phase II proceedings. The company expects a decision to be forthcoming before October.
â€œIn view of the intensive international competition in the business segments in which ContiTech and Phoenix are active, we still assume that no fundamental problems with antitrust laws will arise,â€ said Manfred Wennemer, Continental chairman, 29 June.
The EC highlighted its wish during Phase II…