29/08/2013 (Agence Europe) - Green light for acquisition of Barclays Infrastructure Funds Management by 3i Group. On Thursday 29 August, the European Commission gave the go-ahead to acquisition of Barclays Infrastructure Funds Management (BIFM) by the 3i Group, both of the UK. BIFM, which is currently a wholly owned subsidiary of Barclays PLC, is a funds management business which focuses on infrastructure investment in the UK, France Ireland and Italy. 3i Group is an investor and investment management company focused on mid-market private equity, infrastructure and debt management. The Commission concluded that the proposed acquisition would not raise competition concerns given the companies' limited market shares on the markets concerned. The transaction was examined under the simplified merger review procedure. (OL/transl.fl)