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Image header Agence Europe
Europe Daily Bulletin No. 10024
Contents Publication in full By article 29 / 37
GENERAL NEWS / (eu) eu/competition

Joint venture between Avio Group and Seci-E is approved

Brussels, 20/11/2009 (Agence Europe) - On Thursday 19 November, the European Commission gave its go-ahead to the proposed concentration whereby Avio S.p.A. (Italy), indirectly controlled by Cinven Group Limited (United Kingdom), together with its subsidiary Se.Co.Sv.Im. S.r.l. (Italy), collectively “Avio Group” and S.E.C.I. Energia S.p.A. (SECI-E, Italy) belonging to Maccaferri Group (Italy), acquire joint control of Termica Colleferro S.p.A., a company constituting a joint venture. Avio operates in the sector for aero-engines components (both military and commercial), aero-derivative systems used in power generation, space propulsion, maintenance, repair and overhaul services. Cinven Group is a private equity fund. SECI-E develops industrial and commercial projects in the energy sector. The Maccaferri Group operates in various sectors such as environmental engineering, real estate, construction and civil engineering. Termica Colleferro is a cogeneration power plant. This case was treated by simplified procedure. (O.L./transl.jl)

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