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Anjum Shabbir
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27th January 2020
Competition & State Aid

Commission clears three acquisitions

The European Commission has approved three mergers, published in its press release, which can be read here for more details.

1.  Acquisition of US-established Anixter International Inc. (supply of communications and security products, electrical and electronic wire and cable) by US company Clayton, Dubilier and Rice (private equity investment group). The Commission’s decision that there were no competition concerns was based on the lack of overlap and vertical links between the activities of the company.

2. Acquisition of the Spanish Iberian Sports Retail Group SL (specialised sports retail) and the British JD Sports Fashion Plc (sportswear and fitness centres). The Commission did not believe that this acquisition would raise competition concerns given that JD already has joint control over ISRG.

3. Acquisition of British LGC Science Group Holdings Limited by Luxembourgish Astorg Asset Management S.a.r.l (private equity) and British Cinven Capital Management (VII) General Partner Limited (private equity). No competition concerns were considered to exist by the Commission, based on the lack of any horizontal overlaps, and very limited vertical links arising from the transaction.

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