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Image header Agence Europe
Europe Daily Bulletin No. 11147
Contents Publication in full By article 15 / 27
ECONOMY - FINANCE - BUSINESS / (ae) competition

03/09/2014 (Agence Europe) - Mergers: HES Beheer/Riverstone/Carlyle. On Wednesday 3 September, the European Commission gave the go-ahead to the acquisition of HES Beheer (via Hestya Energy B.V.) of the Netherlands, by funds managed by affiliates of Riverstone Holdings LLC and of the Carlyle Group, both of the United States. HES. is a holding company for operating companies providing logistical services in ports and Hestya is engaged in the development of European dry and liquid bulk terminals. Riverstone is an energy and power focused investment firm while Carlyle is a global alternative asset manager. The Commission concluded that the proposed acquisition would not raise competition concerns, because of the limited combined market shares. (EL)

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