KKR: EU clears acquisition of Highways Trust of India
(CercleFinance.com) - Under EU Merger Regulations the European Commission has approved the acquisition of Highways Trust of India by KKR and OTPP.
Highways Trust is an investment fund with interests in companies involved in the construction, operation and maintenance of roads in India.
KKR provides alternative asset management, capital markets and insurance solutions worldwide.
Meanwhile, OTPP administers the pension benefits and invests the assets of teachers' pension plans in Ontario.
The Commission concluded that the proposed acquisition would not give rise to any competition concerns as there are no overlaps between the companies' activities and the companies are not active in related markets in the European Economic Area.
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