(Finance) – The European Commission has approved, pursuant to the EU Merger Regulation, the acquisition of Saxon Land by Generali Real Estate and Munich Re. Saxon Land is a real estate investment company, owner of a single real estate property in LondonUnited Kingdom.
The EU Commission has concluded that the proposed acquisition it would not raise competition problems, given the absence of ongoing or planned activities in the European Economic Area. The transaction was reviewed under the simplified merger review procedure.
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