April 23
2021
Anjum Shabbir
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26th March 2021
Competition & State Aid

Joint control over Ucles by Macquarie and Aberdeen: Commission clears acquisition

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over Ucles InfraCo, S.L. (‘Ucles') of Spain by Pentacom Investments (UK) Holdco Limited (‘Macquarie') and Aberdeen Standard European Infrastructure GP IV Limited (‘Aberdeen'), both of the UK.

Ucles is active in the wholesale supply of broadband access services in Spain. Macquarie is a global investment bank and financial services provider. Aberdeen is an asset manager.

The Commission concluded that the proposed acquisition would raise no competition concerns, given that there are only minor horizontal overlaps and no vertical links between the activities of the companies.

The case number is M.10174.

Read the Commi

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