Mergers: Commission clears acquisition of Euro Garages by TDR Capital

The European Commission has approved under the EU Merger Regulation the acquisition of Euro Garages by TDR Capital, both of the UK. Euro Garages operates a portfolio of more than 300 filling stations. TDR Capital is a private equity firm investing in various areas, including motor fuel retail and car-wash. The Commission concluded that the proposed acquisition would raise no competition concerns, because a significant number of competitors will remain active on the market for car wash services in the UK, the only market where the companies compete with each other. The transaction was examined under the normal merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.7862. (For more information: Ricardo Cardoso – Tel. +32 229 80100; Carolina Luna Gordo – Tel.: +32 229 68386)