22/10/2021  h. 01:40   
   Overview   |  
Mergers: Commission clears joint venture between Mitsubishi UFJ Lease & Finance and Macquarie Bank

28/01/2021 | Economy |  Daily News 26 / 01 / 2021

Source: European Commission Spokesperson's Service  

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of a company constituting a joint venture by Mitsubishi UFJ Lease & Finance Company Limited (‘MUL') of Japan and Macquarie Bank Ltd (‘MBL') of Australia. The joint venture is active in Australia in the equipment finance market. This includes general office equipment as well as computing equipment. It also provides asset financing and leasing facilities for office and technology assets to enterprise customers, with a focus on corporates, universities and government entities. MUL is a multi-service group with activities related to, among other, leasing and finance, rental, used equipment trading, sales support financing, asset management services, real estate, environment and energy, healthcare, and infrastructure and investment. MBL, a subsidiary of Macquarie Group Limited, is a global diversified financial group. It acts primarily as an investment intermediary for institutional, corporate and retail clients and counterparties around the world. The Commission concluded that the proposed acquisition would raise no competition concerns, given that the joint venture will have negligible activities in the European Economic Area. The 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.10077.

Wikio OkNotizie Del.icio.us! Google! Facebook! Technorati! Upnews.it

Last news - All topics
  Speech by President von der Leyen at the European Parliament Plenary on the rule of law crisis in Poland and the primacy of EU law
19 October 2021
Courses & Conferences
  Sportsystem Economic Observatory at Villa Zuccareda Binetti Montebelluna -TV
15 October 2021
  Generation 2026 - Sport powered by youth and education
15 October 2021
  President Pozza's speech at the Loyalty to Work and Economic Progress Ceremony
19 October 2021
Et cetera
  Members Day
19 October 2021