European Commission Clears Joint Venture Between Verlinvest and CRC
The European Commission has approved under the EU Merger Regulation the creation of a joint venture by Verlinvest of Belgium and China Resources Co of Hong Kong. The joint venture will invest in companies in the healthy food & beverages and community healthcare services sectors, primarily in China.
Verlinvest is an investment company active in the branded consumer goods industry, including food & beverages, retail and hospitality, digital and media. CRC is active in various sectors including energy, consumer products, pharmaceuticals, finance, consumer retail, healthcare, microelectronics and textiles.
The Commission concluded that the proposed concentration would raise no competition concerns because the joint venture will have no or negligible activities within the European Economic Area. The transaction was examined under the simplified merger review procedure.
