Brussels, 22 December 2023
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Costa Group Holdings Limited (‘Costa’) of Astralia by Paine Schwartz Food Chain Fund VI GP, L.P. (‘PSP Fund VI’) of the US, British Columbia Investment Management Corporation (‘BCI’) of Canada and Driscoll’s, Inc of the US.
The transaction relates primarily to the market for the wholesale of fruit and vegetables, especially the wholesale of berries.
The Commission concluded that the notified transaction would not raise competition concerns, given the companies’ limited combined market position resulting from the proposed transaction. 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.11322.
Source – EU Commission