Mergers: Commission clears a joint-venture between Deutsche Alternative Asset Management and M&G Alternatives Investment Management

 The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over Belmond JV by Deutsche Alternative Asset Management (Global) Limited ("DAAM") and M&G Alternatives Investment Management Limited ("MAGAIM"), all three of the UK. Belmond JV will be established as a full-function joint venture and will be active in the operational leasing of rolling stock to the West Midlands rail franchise in the UK and, potentially, in associated ancillary capital investments. DAAM is an affiliate of the Deutsche Bank Group of Germany and provides investment management and fund management services. MAGAIM is the investment management division of Prudential Group of the UK in Europe. The Commission concluded that the proposed acquisition would raise no competition concerns because of the limited changes it brings to the market. 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.8667.

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