Wednesday, April 17, 2024

EU clears CVC Capital’s buy of Eurazeo’s Fraikin

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.

nina.chestney@afxnews.com

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