Ambienta, Antitrust does not start investigations into the acquisition of Officine Maccaferri

Ambienta Antitrust does not start investigations into the acquisition of

(Finance) – The Competition and Market Guarantor Authority (AGCM) has decided not to start the investigation with regard to the operation with which Ambienta SGR will acquire a majority share Of Maccaferri workshopsas it does not significantly impede effective competition in the markets concerned and does not lead to the creation or strengthening of a dominant position.
Ambienta SGR is one company active in asset management of companies, with a portfolio focused on operators in the renewable energy, biofuels, energy efficiency, pollution mitigation and waste and water management sectors. Officine Maccaferri is one company active in the research, design and creation of solutions for infrastructure, the mining industry, the control of water flows and environmental protection.

The AGCM observes that in none of the relevant markets in which the target group operates are there companies belonging to the portfolio managed by Ambienta, nor in the downstream or upstream markets. Furthermore, considering that the operation it does not involve any overlap in market shares, nor effects of a vertical naturethe Authority believes that it is not suitable for raising competitive issues in the reference markets, without causing structural changes.