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EU: Commission raises sails for Scandferries ferry buyout

 |  November 19, 2013

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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