Brussels, 20/12/2006 (Agence Europe) - The European Commission has granted clearance under the EU Merger Regulation to the acquisition of sole control of MRA Systems Inc. dba Access Distribution (Access) by Avnet Inc. (Avnet), both American. Avnet distributes electronic components and software, while Access distributes IT products, solutions and services.
The Commission also approved acquisition of joint control of Carbon Trade & Finance S.A. (CTF) of Luxembourg by Dresdner Bank AG of Germany (part of the German Allianz group) and the Joint-Stock Bank of the Gas Industry (Gazprombank) of Russia (part of the Gazprom group). Dresdner Bank is active in a full range of banking and financial services, and Gazprombank provides universal banking and financial services to non-corporate and corporate customers in Russia. The joint venture will invest in “primary” products generating Kyoto CO2 emission credits and repackage the credits for resale at a “secondary” level.
Clearance has also been given for the acquisition of sole control of Techem AG (TECHEM) of Germany by MEIF II Energie Beteiligungen GmbH & Co. KG (MEIF II KG), also a German company, held by Macquarie Bank Limited (Macquarie) of Australia. MEIF II KG is a German limited partnership active in the acquisition and sale of companies or their assets and all related actions and legal transactions. Macquarie provides specialist financial and investment banking services, and TECHEM is active in sub-metering utilities consumption and the market for energy contracting. (cd)