EU Commission clears acquisition of joint control of ASPI by CDPE, Macquarie and Blackstone

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Autostrade per l’Italia S.p.A. (‘ASPI’) by CDP Equity S.p.A. (‘CDPE’), both of Italy, Macquarie Group Limited (‘Macquarie’) of Australia and Blackstone Group Inc. (‘Blackstone’) of the US. A

SPI is managing more than 3000 kilometres of toll motorways across Italy under long-term concessions granted by the Italian State. CDPE is investing in companies of significant national Italian interest, as part of the state owned CDP group.

Macquarie is a global investment, banking and financial services provider. Blackstone is a global alternative asset manager. The Commission concluded that the proposed acquisition would raise no competition concerns, because of the limited impact it would have on 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.10382.