Mergers: EU Commission clears acquisition of sole control of Maxam by Rhône Capital
The European Commission has approved, under the EU Merger Regulation, the acquisition ofsole control of whole of MaxamCorp Holding, S.L. (“Maxam”) of Spain by Rhône Capital L.L.C. of the US.
Maxam is the holding of a diversified group of companies which are active in the manufacture and supply of civil explosives and initiating systems, as well as related products, services and solutions, ammunition and defence products, services and systems, and recreational hunting and sporting products. Rhône Capital is an investment management firm.
The Commission concluded that the proposed acquisition would raise no competition concerns, taking into account that Rhône Capital already had control over Maxam prior to the transaction and that the transaction is a change from joint to sole control. The transaction was examined under the simplified merger review procedure.
More information will be available on the Commission’s competition website, in the public case register under the case number M.9817.
Arianna Podesta –