Acquisition of joint control of Capveriant by Caisse des dépôts and Deutsche Pfandbriefbank
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control ofGermany-based Capveriant Gmbh (digital platform that acts as intermediary between public sector entities and credit and debt lenders)
byCaisse des dépôts et consignations (French public entity dedicated to the general interest and economic development of France); and Deutsche Pfandbriefbank AG, of Germany (present in the banking finance sector).
The Commission concluded that the proposed acquisition would raise no competition concerns, given the weak market shares accumulated by the companies.
The case number is M.10043.
Read the Commission’s press release here.