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Image header Agence Europe
Europe Daily Bulletin No. 10897
ECONONOMY - FINANCE - BUSINESS / (ae) competition

Three mergers given go-ahead

Brussels, 26/07/2013 (Agence Europe) - On 25 and 26 July, the European Commission authorised the following mergers under the simplified merger control procedure: - Guernsey investment company Cinven's acquisition of German high-performance ceramics manufacturer CeramTec, whose products are used in the car industry and in medical devices, where the Commission found no overlap between the parties' business; - US investment bank Goldman Sachs and Brazilian investment fund Gávea Investimentos, owned by US investment bank JP Morgan, have been given the go-ahead to jointly acquire Cell Sites Solutions Cessão de Infraestruturas, a new Brazilian company buying up, building and housing wi-fi telecoms sites in Latin America - the joint venture will not operate in the European Economic Area and the Commission found no overlaps among the parties' business; - US agri-food company ADM-Archer Daniels Midland (transport, storage and processing of commodities) has been given the go-ahead to buy up Australian malt manufacturer Graincorp, which trades crops and oilseed plants around the world, after the Commission found only limited overlaps between the parties that do not cause competition concerns. (FG/transl.fl)