Apollo: The EU authorizes the co-acquisition of Aedes, in Italy


(CercleFinance.com) – The European Commission has cleared the acquisition of joint control of Aedes SIIQ (Aedes) by VI-BA (VI-BA), Apollo Global Real Estate Management (Apollo) and Hines International Real Estate Holdings (Hines ).

Aedes is an Italian real estate investment company which owns a portfolio of 65 properties mainly located in northern Italy and used mainly for retail and offices.

Also Italian, VI-BA is active in the investment, construction, development, rental and sale of real estate.

Apollo is a US-based global alternative asset manager.

Finally, Hines is an American real estate investment, development and management company.

The Commission concluded that the proposed acquisition would raise no competition concerns, given its limited impact on the market.

(For more information: Arianna Podesta – Tel.: +32 229 87024; Maria Tsoni – Tel.: +32 229 90526)

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