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3 June 1998


BRUSSELS — The European Commission said on Wednesday it had allowed the Belgian authorities to rescue weapons maker FN-Herstal, formerly controlled by France's Giat Industries, from bankruptcy. Belgium's Walloon regional government agreed last year to take over Giat's majority stake in the loss-making small arms company for a symbolic French franc and to spend 2.5 billion Belgian francs ($68.2 million) to bring the company back to life. The Commission said in a... (

Read More: Reuters