Commission clears acquisition of Itínere by Swiss Life and APG

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Itínere Infraestructuras, S.A. (“Itínere”) of Spain by Swiss Life Holding AG (“Swiss Life”) of Switzerland and APG Asset Management N.V. (“APG”) of the Netherlands.

The operation mainly concerns the management and operation of toll concessions.

The Commission has concluded that the notified transaction would not raise competition concerns, as the companies do not operate in the same markets or in vertically related markets. The notified transaction has been examined under the simplified merger review procedure.

More information: European Commission