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EC Clears Acquisition Of Peel Ports By AustralianSuper, Peel Group

 |  March 24, 2020

The European Commission has approved, under the EU Merger Regulation, the acquisition of Peel Ports of the UK by AustralianSuper of Australia, Peel Holdings Group Limited (Peel Group) of the UK, and DWS Group & GmbH Co (DWS) of Germany. Peel Ports is active in the operation of ports, shipping, and marine support services in various locations in the UK, Ireland, the Netherlands, and Australia. 

AustralianSuper is an industry and pension fund with primary investments in Australia. Peel Group is an investment company with a wide range of interests, including property, wind farms, and hotels, primarily active in the UK. DWS is an asset management company, active globally. 

The Commission concluded that the proposed acquisition would not raise competition concerns, because the companies acquiring Peel Ports are not active in the same markets as Peel Ports, nor in any related markets. The transaction was examined under the simplified merger review procedure.

Full Content: Europa

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