(Finance) – The European Commission has approvedpursuant to the European Merger Regulation, theacquisition of the joint control of the Etix Everywhere Holding joint venture by Infranity Equity Fund SCA SICAV-RAIF and Eurazeo Transition Infrastructure Fund, all domiciled in France.
The operation mainly concerns the supply of data center scalable that ensure high-speed connectivity by hosting major telecommunications hubs.
The Commission concluded that the proposed concentration would not raise any competition concernsgiven the limited activities of the joint venture in the European Economic Area. The notified operation was examined under the simplified merger control procedure.