22/10/2007 (Agence Europe) - On Friday 19 October, the European Commission granted clearance to two acquisitions. Bank BPH S.A. (BPH, a retail and corporate bank) and BPH Towarzystwo Funduszy Inwestycyjnych S.A. (BPH TFI, asset management), both of Poland, will be bought up by GE Money, belonging to General Electric Company (GE) of the US. In a separate development, the Commission granted clearance to the acquisition of sole control of Sequa Corporation (Sequa) of the US by Carlyle Partners V L.P. controlled by The Carlyle Group (Carlyle), also of the US. Carlyle is a private equity investment company. Sequa provides aftermarket services for the airline industry, car supply, metal coatings, chemicals, machinery and formal menswear. The operation was examined under the simplified merger review procedure. (C.D.)