(Finance) – The European Commission has approvedpursuant to the EU Merger Regulation, the acquisition of the exclusive control of the Polish VeloBank by funds managed by Cerberus Capital Management, an American private equity giant. The operation mainly concerns the financial sector.
The Commission concluded that the notified operation would not raise competition concerns, given the limited market positions of the companies resulting from the proposed transaction. The notified transaction was examined under the simplified concentration examination procedure.