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EQT / RECOVER
M.9713
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Disclaimer :
The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.
SECTION 1.2
Description of the concentration
1.By virtue of the notified concentration, the investment fund EQT VIII (“EQT VIII”) (controlled by EQT Fund Management S.à r.l) intends to indirectly acquire sole control over Navie Oy and its subsidiaries (“Recover”) within the meaning of Article 3(1)(b) of the EU Merger Regulation.
2.EQT VIII was launched in 2018 with commitments of approximately EUR 10.9 billion. The fund seeks to make investments primarily in Northern Europe. EQT VIII is part of the EQT group of private equity funds.
3.Recover is active in the provision of damage control services, environmental services as well as demolition and concrete drilling services in Denmark, Finland, Norway and Sweden.