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EU Clears USS, Munich Re, CVC DIF Deal for Encyclis Ireland Assets

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The European Commission approved the joint acquisition of Encyclis Ireland Assets by USS, Munich Re, and CVC DIF under the EU Merger Regulation, the regulator said Wednesday.

Universities Superannuation Scheme of the UK, Munich Re of Germany, and Netherlands-based DIF Management B.V., which operates as CVC DIF, are acquiring joint control of the Irish company, the commission said.

The transaction mainly covers Ireland's waste-to-energy sector.

The commission said the deal will not raise competition concerns because the companies do not operate in overlapping or vertically connected markets.

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Commodities

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