21/03/2006 (Agence Europe) - The European Commission has cleared the proposed acquisition by the private equity investment firm CVC of SLEC. The Commission's clearance is conditional upon the divestiture by CVC of its Spanish subsidiary Dorna, which is the promoter of the Moto GP motorcycle Championship. SLEC is also the owner of the Formula One Group and the Commission had concerns about competition in the car racing sector. The Commission's extensive market investigation showed that the proposed acquisition by CVC of SLEC could significantly reduce competition as regards the selling of the TV rights to these events in Member States where Moto GP is less popular than Formula One. The Commission indicated that CVC has therefore committed to divest its subsidiary Dorna in its entirety. This will eliminate the only overlap in the parties' activities and remove possible concerns regarding the bundling of broadcasting rights.