18/04/2023 (Agence Europe) – The European Commission on Tuesday 18 April approved, under the Merger Control Regulation (EC No 139/2004), the creation of a joint undertaking by three US-based companies: Macquarie Real Estate Investments Holdings (North America), Inc (‘Macquarie’), RHP Partners-Manager GP, LLC (RHP) and IC USA LP (Ivanhoe). These three companies will acquire joint control of the resulting joint undertaking: RHP Partners III, which will own and operate prefabricated housing developments and lease and sell prefab homes in the United States. The European Commission examined the proposed acquisition under the simplified merger control procedure. It concluded that due to its limited impact on the relevant market, the transaction would not raise competition concerns. The Commission therefore did not oppose the merger. Link to case: https://aeur.eu/f/6d5 (EV)