(Finance) – La European Commission ha approvedpursuant to the EU concentrations regulation, the creation of a joint venture between the giant of private equity Pemira and Basicneta company listed on Euronext Milan and activates in the clothing, footwear and accessories sector for sport and leisure.
The transaction mainly concerns the retail sale of clothing and footwear, with thePermira entrance into K-Wayas announced in October 2024.
The Commission concluded that the notified transaction would not raise concerns about competitiongiven the limited market positions of the companies deriving from the proposed transaction. The notified transaction was examined in accordance with the simplified review procedure of concentrations.