The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Recordati Industria Chimica e Farmaceutica S.p.A. (‘Recordati’) of Italy by Groupe Bruxelles Lambert SA (‘GBL’) of Belgium and CVC Capital Partners plc (‘CVC plc’) of Jersey.
The transaction primarily relates to the pharmaceutical sector.
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.
More information is available on the Commission’s competition website, in the public case register under the case number M.12479.
