(CercleFinance.com) – The European Commission has approved, under the European Merger Regulation, the acquisition of joint control of Wascosa by Swiss Life, both based in Switzerland, and by Vauban Infrastructure Partners based in France.
Wascosa is an international freight car rental and management company. Vauban, which belongs to the BPCE group, is an asset management company specializing in equity investments in infrastructure.
The Commission concluded that the proposed merger would not raise competition concerns given its limited impact on the market.
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