Brussels OKs USSL’s stake in Redexis Gas

The European Commission has approved the acquisition of joint control over Spain’s Redexis Gas.
By Staff reporter 14 July 2017 0 26769

The European Commission has approved the acquisition of joint control over Spain’s Redexis Gas and Redexis Gas Finance by UK pension fund manager Universities Superannuation Scheme Ltd (USSL) and United States-based investment bank Goldman Sachs, it said on Friday.

Redexis Gas is a regulated company involved in the transmission and distribution of gas and LPG in Spain. It was previously wholly owned by Goldman Sachs, which will retain a 50.1% stake through subsidiaries.

"The commission concluded that the proposed transaction would raise no competition concerns as Goldman...

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