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KKR: Commission approves acquisition of NetCo

(CercleFinance.com) - The European Commission has unconditionally approved KKR's acquisition of NetCo under the EU Merger Regulation.
The Commission concluded that the transaction would not raise competition concerns in the European Economic Area.

The Commission examined the impact of the transaction on the wholesale broadband access services market in Italy. It concluded that the transaction would not significantly reduce the level of competition. In particular, it found that (i) KKR would not have the ability to restrict access to passive services, and (ii) the transaction would not increase the likelihood of coordination between NetCo and OpenFiber, given that Fastweb would continue to exert competitive pressure on NetCo and its long-standing competitor, Open Fiber.

The Commission therefore concluded that the proposed merger would not raise competition concerns on the wholesale broadband access services market in Italy, and approved the transaction unconditionally.


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