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EU: Commission clears the acquisition of joint control over Norled by CapMan and CBRE

By  |  July 17, 2019

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over Norled of Norway by CapMan AIFM Oy of Finland and CBRE Caledon Capital Management of Canada.

Norled is a provider of ferry and express boat services in Norway. CapMan is the manager of the investment fund CapMan Nordic Infrastructure established in Luxembourg and part of CapMan Group, a private assets management and investment company headquartered in Finland.

CBRE Caledon is an indirect subsidiary of CBRE Group, a commercial real estate services and investment firm headquartered in the US. It controls the investment fund CBRE Caledon Noah Aggregator.

The Commission concluded that the proposed acquisition would raise no competition concerns, because of the limited impact on the sea and coastal passenger water transport sector. The transaction was examined under the simplified merger review procedure.

Full Content: Europa

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