Brussels, 6 December 2024
The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by TPG Inc. of the US and The Prudential Assurance Company Limited (‘PACL’), controlled by M&G plc (‘M&G’), both of the UK.
The transaction relates primarily to the real estate sector.
The Commission concluded that the notified transaction would not raise competition concerns, given the limited impact on the European Economic Area. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11799.