European Commission - Daily News
Brussels, 27 June 2016
The European Commission has approved under the EU Merger Regulation the acquisition of TCR of Belgium by 3i Group and Deutsche Alternative Asset Management (DAAM), both of the United Kingdom.
TCR provides rental and maintenance of ground support equipment to ground handlers in the aviation sector. 3i is an investment manager. DAAM is a subsidiary of the Germany-based Deutsche Bank, providing investment and fund management services.
The Commission concluded that the proposed acquisition would raise no competition concerns, because neither 3i nor DAAM is engaged in business activities related to ground support equipment. The transaction was examined under the simplified merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.8054.
(For more information: Ricardo Cardoso – Tel.: +32 229 80100; Giulia Komel – Tel.: +32 229 61175)
Source: Europa.eu (Copyright European Commission)