The European Commission has reportedly cleared UK-based equity fund 3i to acquire Scandferries Holdings, the holding company for ferry operator Scandlines, say reports.
3i previously struck a deal with Allianz Capital Partners to acquire ACP’s stake in Scandlines. Following the buyout, 3i Group will become a majority stakeholder in the ferry operating company.
The Commission announced its clearance of the deal Tuesday, noting that “the two parties’ interests only overlap to a very small extent.”
Financial details of the merger were not disclosed in reports.
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