November 29
2021
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Anjum Shabbir
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15th January 2020
Competition & State Aid

Approvals of mergers published in the OJ yesterday

Yesterday, three Commission approval decisions under Article 6(1)(b) of the Merger Regulation were published in the Official Journal:

Pon Trye Group and Gilde Fund’s acquisition of joint control over Gundlach Automotive Corporation

The first concerns the acquisition of joint control over the German Gundlach Automotive Corporation by Dutch undertakings Pon Tyre Group B.V., and Gilde Fund V.

For more detailed information, you can access the Commission’s decision letter of 23 December 2019 here, the Commission’s press release of 3 January 2020 here, and yesterday’s publication in the Official Journal here.

KKR’s acquisition of joint control over Axel Springer

The second relates to the acquisition of joint control over the German Axel Springer SE by the US-based KKR & Co, Inc.

For more detailed information, you can access the Commission’s decision letter of 12 November 2019 here, the Commission’s press release of 13 November 2019 here, and yesterday’s publication in the Official Journal here.

Joint venture between Recruit and MUFG Bank

The third is on the acquisition of joint control over the Japanese Recruit and MUFG Bank.

For more detailed information, you can access the Commission’s press release of 3 December 2019 here, and yesterday’s publication in the Official Journal here.

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