RNS Number:6353I
Office of Fair Trading
12 March 2003

Merger Clearance:

The Secretary of State for Trade and Industry has decided, on the information at
present before her, and in accordance with the recommendations of the Director
General of Fair Trading, not to refer the following mergers to the Competition
Commission under the provisions of the Fair Trading Act 1973:

Proposed acquisition by Avis Europe plc of certain assets of Budget Group Inc

Completed acquisition by General Electric Power Systems of Osmonics Inc.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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