EU: Brussels clears the acquisition of sole control over DG REIT by Blackstone

The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over Dream Global Real Estate Investment Trust (DG REIT) of Canada by The Blackstone Group of the US. 

DG REIT is an open-ended real estate investment trust operating in Austria, Belgium, Germany, and the Netherlands. Blackstone is a global asset manager, active in the real estate sector in Europe. 

The Commission concluded that the proposed acquisition would raise no competition concerns, because of the limited impact it would have on the market. The transaction was examined under the simplified merger review procedure.

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