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SFPIM / LINEAS Merger Cleared Under Simplified Procedure

The European Commission cleared the acquisition by SFPIM (Société fédérale de participations et d'investissement SA) of sole control of Lineas Group NV under Article 6(1)(b) of Council Regulation (EC) No 139/2004. The Commission declared the operation compatible with the internal market and the EEA Agreement, adopting the decision under the simplified treatment procedure for concentrations with no competition concerns.

SFPIM Acquires Sole Control Over Lineas Group NV

The European Commission reviewed case M.12326 concerning SFPIM's acquisition of sole control over Lineas Group NV, a Belgian rail freight transport operator. SFPIM, a Belgian State-owned investment company acting under delegated assignment, acquired the company through share subscription under Article 3(1)(b) of the EU Merger Regulation. Lineas provides traction services across Europe and was previously controlled by Argos Wityu, a French private equity firm.