20/12/2004 (Agence Europe) - The European Commission has granted clearance under the EU Merger Regulation to the acquisition of sole control of German company Peguform GmbH & Co. KG i.L by Cerberus Group, USA. Peguform Holding is a newly created holding company established for the acquisition of Peguform. Peguform has been involved in insolvency proceedings. It is controlled by Cerberus, a financial investment company with investments in manufacturing, telecommunications, computer software, and other sectors. Peguform is active in the production and sale of car components, and supplies car manufacturers in Europe, Mexico, and Brazil. The notified transaction involves the acquisition by Peguform Holding of substantially all of the assets of the insolvent Peguform, including stakes in two European joint ventures, Celulosa Fabril S.A. and Sociedad Portugesa de Pintura e Modulos para Industria Automovel S.A. The result of the transaction is that Peguform will be an Operating Entity controlled by Peguform Holding and thus by Cerberus Group. The operation was examined under the simplified merger review procedure.