The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Ebury Partners Limited (‘Ebury’) of the UK by Centerbridge Partners, L.P. (‘Centerbridge’) of the US and Banco Santander, S.A. (‘Santander’) of Spain.
The transaction relates primarily to banking and payment services.
The Commission concluded that the notified transaction would not raise competition concerns, given the companies’ limited market positions resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.
