Brussels, 11 August 2022
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Tideway by Amber, Dalmore, all three of the UK, and Allianz Group of Germany.
Tideway is an infrastructure provider responsible for the design, construction, commissioning and maintenance of the Thames Tideway Tunnel (London), Amber is an international sponsor and manager of infrastructure focused on long-term, lower risk and cash flow generative investments. Dalmore is an independent fund manager focusing on lower risk opportunities for institutional investors in the UK infrastructure sector. Allianz Group is a global financial services group active in insurance and asset management. The Commission concluded that the proposed acquisition would raise no competition concerns, given the very limited overlaps between the companies’ activities in the European Economic Area. The 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.10835.
Source – EU Commission