The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Majis Industrial Services (‘Majis’) of Oman by Iv3 Aqua Holding A/S (‘Iv3′) of Denmark, ultimately solely controlled by A.P. Møller og Hustru Chastine Mc-Kinney Møllers Fond til almene Formaal of Denmark, and Rakiza GP I Ltd (‘Rakiza’) of Guernsey, a fund ultimately jointly controlled by the Oman Investment Authority of Oman and Equitix Investment Management Ltd of the UK.
The transaction relates primarily to the industry of water supply, desalination and wastewater management in a specific region in Oman.
The Commission concluded that the notified transaction would not raise competition concerns, given the limited impact on the European Economic Area. 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.12535.
