Morgan Stanley: EU authorizes acquisition of Salcef

( – The European Commission has authorized, under the Community merger regulation, the acquisition of joint control of Salcef Group by Finhold, two Italian companies, and Morgan Stanley Infrastructure (MSI), an American company.

The operation mainly concerns the construction and maintenance of railway and metro infrastructure.

The Commission concluded that the notified transaction would not raise competition concerns, given that the companies are not present on the same or vertically linked markets. The notified transaction was examined under the simplified merger review procedure.

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