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Image header Agence Europe
Europe Daily Bulletin No. 9416
Contents Publication in full By article 28 / 32
GENERAL NEWS / (eu) eu/competition

Commission gives green light to proposed acquisition of Scandic by EQT

Brussels, 27/04/2007 (Agence Europe) - On Thursday 26 April, the European Commission approved the proposed acquisition of Scandic Hotels AB, the Swedish hotel-chain, by EQT V Limited (EQT) also of Sweden. EQT is a financial investor controlled by Investor AB of Sweden and active in various fields. Scandic is a hotel chain operator in the mid-market segment, currently owned by Hilton. Scandic operates 132 hotels; most of them located in the Nordic countries. The Commission's examination of...

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