The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Lecta Paper Industries Intermediate Financing S.à r.l. (‘Lecta') of Luxembourg by Apollo Capital Management, L.P.
The transaction relates primarily to the manufacturing and supply of paper and paperboard.
The Commission concluded that the notified transaction would not raise competition concerns, given the companies' limited market positions resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.
Lecta operates several production facilities in Europe, including manufacturing facilities producing pulp, base paper, specialty papers and coated woodfree paper, with mills across Spain, France and Italy and a self-adhesive converting facility in Germany.
