03 Jun 2019
EUROPEAN COMMISSION DAILY NEWS 3RD JUNE 2019Brussels Daily
Mergers: Commission clears acquisition of Euroports by MRG, PMV and SFPI-FPIM
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over Euroports Holdings S.à r.l. (“Euroports”) of Luxembourg by Monaco Resources Group (“MRG”) of Monaco, Participatie Maatschappij Vlaanderen (“PMV”) and Société fédérale de participations et d’investissement – Federale participatie -en investeringsmaatschappij (“SFPI-FPIM”), both of Belgium. Euroports provides terminal operations, freight forwarding and value-added services such as processing, customisation, bagging or packaging. MRG is active in agribusiness, metals and minerals, energy, logistics and technology, as well as finance and investments. PMV is an investment company fully owned by the Flemish region and mainly active in financing for entrepreneurs, start-ups and growth companies, as well as infrastructure, real estate and energy investments. SFPI-FPIM is an investment company investing in public and private enterprises of strategic interest to the Belgian State, who is its full owner. The Commission concluded that the proposed acquisition would raise no competition concerns because of the limited impact it would have on the market. 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.9321.
For more details see European Commission Daily News