Mergers: Commission clears joint venture between Goldman Sachs and the Wellcome Trust for purpose built student accommodation in UK
European Commission - Daily News
Brussels, 23 December 2015
The European Commission has approved under the EU Merger Regulation the creation of a joint venture, by The Goldman Sachs Group, Inc. and The Wellcome Trust Limited, both of the United Kingdom.
The joint venture would combine the relevant Goldman Sachs and Wellcome Trust student accommodation businesses in the UK, branded "Prodigy Living" and "iQ Student” respectively.
The Commission concluded that the proposed acquisition would raise no competition concerns, because of its limited impact on the market structure. The transaction was examined under the simplified merger review procedure.
(For more information: Lucía Caudet – Tel. +32 229 56182; Carolina Luna Gordo – Tel.: +32 229 68386)
Source: Europa.eu (Copyright European Commission)