Commission clears acquisition of FoxPost by CVC and EMMA

Source: European Commission Spokesperson's Service  

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of FoxPost Zrt. of Hungary by CVC Capital Partners plc (‘CVC’) of Jersey and EMMA Alpha Holding Ltd. (‘EMMA’) of Cyprus.

The transaction relates primarily to the sector of parcel delivery services.

The Commission concluded that the notified transaction would not raise competition concerns, given that FoxPost has negligible activities in the European Economic Area and the companies’ limited combined market position resulting from the proposed transaction. The notified 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.11613.