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Image header Agence Europe
Europe Daily Bulletin No. 9466
Contents Publication in full By article 17 / 48
GENERAL NEWS / (eu) eu/competition

11/07/2007 (Agence Europe) - On Tuesday 10 July, the European Commission authorised two acquisitions. It granted clearance to the acquisition of sole control of Electro-Stock Grup SL (ESG) of Spain by Apax Partners Worldwide LLP (Apax) of the UK. Apax provides private equity fund advisory and management services. ESG distributes electrical components in Spain, primarily to electrical installers and builders. In a separate development, the Commission granted clearance to the acquisition of sole control of a portfolio of nine European hotels, currently controlled by Hilton Hotels Corporation (Hilton) of the US, by Morgan Stanley Real Estate F International Funding, L.P. (MSREF), part of the Morgan Stanley group of companies (MS) of the US. MSREF is active in real estate investment and management. Both deals were examined under the simplified merger review procedure. (cd)

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THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION