European Union:
Rolls-Royce Proposed Acquisition Of Spanish Rival Industria De Turbo Propulsores. The European Commission Invites Interested Third Parties To Submit Comments
17 March 2017
McDermott Will & Emery
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On 4 March 2017, the European Commission (Commission) published
a notice concerning the notification of the proposed acquisition of
the Spanish aircraft company Industria de Turbo Propulsores SA
(Spain, ITP), by Rolls-Royce Holdings plc. (UK, Rolls-Royce).
Interested third parties, such as competitors, suppliers or
customers can provide the Commission with their observations on the
likely impact of the proposed transaction on competition in order
to facilitate its substantive assessment.
Interested third parties' observations must reach the
Commission no later than 14 March 2017.
Rolls-Royce is active in the development and manufacture of
aircraft engines and power systems for civil aerospace, defense
aerospace, marine and energy applications. ITP is a joint venture
between Rolls-Royce and Sener Grupo de Ingenieria SA, and it is
active in the design and manufacture of aircraft engine
components.
Rolls-Royce Proposed Acquisition Of Spanish Rival Industria De
Turbo Propulsores. The European Commission Invites Interested Third
Parties To Submit Comments
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