12/11/2013 (Agence Europe) - Mergers: KNB-UWI-Mitsui/Medini. On 12 November, the European Commission gave the go-ahead to the acquisition of joint control over Medini Iskandar Malaysia Sdn Bhd of Malaysia by Khazanah Nasional Berhad of Malaysia, UWI Capital (One) Limited of British Virgin Islands and Mitsui & Co. Ltd. of Japan. KNB is a government investment fund investing in real estate. UWI is an investment company engaged in land development. Mitsui is a trading house active among others in real estate. Medini is a company established for the purpose of developing and managing the Medini city project in Malaysia. The Commission concluded that the proposed acquisition would not raise competition concerns, in particular in view of the very limited activities of the parties in the European Economic Area (EEA). (FG/transl.fl)