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Allianz: EU clears joint acquisition

( - The European Commission has cleared the acquisition of joint control of Tideway by Amber, Dalmore and Allianz Group.

Tideway is an infrastructure provider responsible for the design, construction, commissioning and maintenance of the Thames Tideway Tunnel in London.

Amber is an international infrastructure sponsor and manager focused on long-term, low-risk, cash flow generating investments.

Dalmore is an independent fund manager focusing on low risk opportunities for institutional investors in the UK infrastructure sector.

Allianz Group is a global financial services group active in insurance and asset management.

The Commission concluded that the proposed acquisition would not give rise to any competition concerns given the very limited overlaps between the companies' activities in the European Economic Area.

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