Brussels, 8 January 2024
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Davidsen Koncernen A/S of Denmark by Kesko Corporation of Finland.
The transaction relates primarily to the distribution of building materials.
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.11282.
Source – EU Commission