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Sirius Brookfield Paradise JV Merger Clearance Article 6(1)(b)

The European Commission cleared the joint acquisition of Paradise JV by Brookfield Asset Management Ltd. and Sirius Holdings Limited under Article 6(1)(b) of Council Regulation (EC) No 139/2004. The transaction involves Paradise JV, which owns and operates the Atlantis resort on Paradise Island in the Bahamas. The Commission declared the operation compatible with the internal market and the EEA Agreement, adopting the decision under the simplified treatment procedure for certain concentrations.