Mergers: EU Commission clears acquisition of Eleda Group and JVAB by Altor Fund
The European Commission has approved, under the EU Merger Regulation, the acquisition of Eleda Group Holding AB (“Eleda Group”) and JV Partners AB (“JVAB”) by Altor Fund Manager AB (“Altor Fund”), all three of Sweden.
Eleda Group and JVAB provide civil engineering and contracting services, mainly in Sweden. Altor Fund is a private equity fund.
The Commission concluded that the proposed acquisition would raise no competition concerns, given the limited overlap between the companies’ activities and their moderate combined market positions.
The transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.9838.
Arianna Podesta –