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Daily News 19 / 08 / 2019

20/08/2019 | Economy |  Mergers: Commission clears acquisition of Grupo Gallardo Balboa by KKR

 Press release European Commission


The European Commission has approved, under the EU Merger Regulation, the acquisition of control of Grupo Gallardo Balboa S.L.U. of Spain by KKR & Co. Inc of the US. 

Grupo Gallardo Balboa is the holding company of various steelmaking corporations that manufacture corrugated steel. 

KKR is a global investment firm. The Commission concluded that the proposed transaction would raise no competition concerns given the minimal horizontal overlaps and vertical links between the activities of the companies. 

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.9431.

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