The European Commission has approved, under the EU Merger Regulation, the acquisition of Polygon Holding AB of Sweden by AEA Investors LP of the US.
Polygon Holding provides property damage restoration services and temporary climate solutions. AEA Investors is a private equity firm with investments in a variety of sectors, in particular value-added industrial products, specialty chemicals, consumer/retail and services. The Commission concluded that the proposed acquisition would raise no competition concerns, given that the transaction does not lead to any horizontal overlap or vertical relationship between the activities of the companies. The transaction was examined under the simplified merger review procedure.
Related: The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over CM Biomass Partners A/S by United Shipping & Trading Company (‘USTC’) and CM Holding A/S (‘CM’), all of Denmark. CM Biomass Partners is active in the supply of physical wood pellets and other biomass products, mainly to European utilities and distributors. USTC is active in global risk management, terminal and stevedoring services, freight forwarding, bunker, oil and chemical tankers, and IT. CM is active within brokerage, shipping, logistics, terminals, and superintendence. The Commission concluded that the proposed acquisition would raise no competition concerns, because the overlaps between the activities of the companies are very limited. The transaction was examined under the simplified merger review procedure.
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