The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over Telepass S.p.A. of Italy, by Partners Group AG together with its affilates (‘Partners Group’), of Switzerland and Atlantia S.p.A., of Italy.
Telepass is active in the provision of electronic tolling services in Europe and, in particular, in Italy.
Partners Group is a global and private investment management company active in the areas of private equity, private real estate, private infrastructure and private debt.
Atlantia is a holding company active mainly in the toll motorway and airport infrastructure sectors in France, Italy, Poland and Spain. The Commission concluded that the proposed transaction would raise no competition concerns, because of its limited impact on the market structure. The transaction was examined under the simplified merger review procedure.