BRUSSELS (AFX) – The European Commission said it has cleared CVC Capital Partner’s acquisition of investment fund Eurazeo’s freight vehicle hire company Fraikin.
Eurazeo owns 55 pct of Fraikin. Other shareholders are Rhone Group with 19 pct, the Pragma funds with 13.75 pct and WestLB with 9.79 pct.
The deal was examined under the EU’s ‘simplified’ merger review procedure; cases which the commission believes do not pose competition concerns.
Copyright AFX News Limited 2006. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited