April 01
2020
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Anjum Shabbir
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25th March 2020
Competition & State Aid

Acquisition of Tech Data by Apollo approved

The European Commission has approved the acquisition of sole control over US company Tech Data Corporation (wholesale distribution of technology products and solutions to resellers) by another US company, Apollo Management LP (manages investments funds).

The Commission based its decision under the Merger Regulation on the finding that the proposed acquisition would raise no competition concerns, in view of the limited horizontal and vertical relationships existing between the companies’ respective businesses.

Read the Commission’s press release for more information.

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