The authorities in Brussels have a month to decide whether the recapatilisation plans of Franco-Italian semiconductor manufacturer SGS-Thomson Microelectronics NV warrant further investigation: according to the French business journal Les Echos, the company, which is 45%-owned by Thomson-CSF SA and 45%-owned by IRI-Finmeccanica is scheduled to receive a capital infusion of $5,000m over the next five years; the intention is that France Telecom, CEA-Industrie – the industrial arm of the Centre for Atomic Energy – and the Italian Committee for Reconstruction would take stakes in the firm; SGS-Thomson is due to announce 1992 results today.
