April 05, 2018

European Commission approves Italo-NTV acquisition

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European Commission approves Italo-NTV acquisition David Gubler

THE European Commission (EC) has approved the acquisition of Italian open-access high-speed operator Italo-NTV by the US-based Global Infrastructure Partners (GIP) III equity fund.

The Commission says it has concluded that the proposed acquisition would not raise any competition concerns because the companies are not active in the same market or in vertically-related markets.

GIP’s €1.94bn bid for the entire share capital of Italo-NTV was accepted by the Italian company’s shareholders in February.

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