February 25
Trajan Shipley
22nd February 2021
Competition & State Aid

Acquisition of joint control of Alpha Trains by PGGM, Arcus, AMP and PSP: approval decisions published

Official publication has been made of the European Commission’s approval decision of 17 February 2021 concerning, under Article 6(1)(b) of the EU Merger Regulation, of the acquisition of joint control of 

Alpha Trains (Luxembourg) Holdings S.à.r.l., based in Luxembourg (specialist rail leasing company);


Stichting Depositary PGGM Infrastructure Funds, based in the Netherlands (provider of pension management for various pension funds); Arcus European Investment Manager LLP from the UK (independent fund manager specialising in European infrastructure); and  AMP Capital Investors Limited, also based in the UK (investment manager operating across a wide range of asset classes worldwide)

The Commission concluded that the


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