The European Commission has approved, under the EU Merger Regulation, the acquisition of Applegreen of Ireland by Blackstone of the US and B&J of Malta.
Applegreen is a roadside convenience retailer, operating at motorway service areas, trunk road service areas and petrol filling stations, with presence in Ireland, the UK and the US.
Blackstone is a global asset management company. B&J is a holding company, owned by Joseph Barrett and Robert Etchingham and currently Applegreen’s largest shareholder. The Commission concluded that the proposed acquisition would raise no competition concerns, because it would not create any overlaps between the activities of the companies. The transaction was examined under the simplified merger review procedure.