Brussels, 9 August 2023
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Valoriza Servicios Medioambientales, S.A. of Spain (‘Valoriza’) by Morgan Stanley Infrastructure Inc. (‘MSI’) of the US.
Valoriza collects, treats, recycles and manages waste, including construction and demolition debris, and produces electricity and gas as a result of such activities. It is also active in, among others, urban street cleaning, management of street furniture and pavement maintenance in Spain, Australia, and Colombia. MSI, a subsidiary of Morgan Stanley of the US, invests in infrastructure assets.
The Commission concluded that the proposed acquisition would raise no competition concerns, given that the companies’ activities do not overlap and are not vertically related. 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.11200.
Source – EU Commission