By Deirdre Tynan • 02 September 2021 • 12:34
The EC in Brussels.
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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Deirdre Tynan is an award-winning journalist who enjoys bringing the best in news reporting to Spain’s largest English-language newspaper, Euro Weekly News. She has previously worked at The Mirror, Ireland on Sunday and for news agencies, media outlets and international organisations in America, Europe and Asia. A huge fan of British politics and newspapers, Deirdre is equally fascinated by the political scene in Madrid and Sevilla. She moved to Spain in 2018 and is based in Jaen.
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