Mergers: Commission clears the acquisition of sole control over Sotheby’s by #NextAlt

| August 29, 2019

The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over Sotheby’s of the US by Next Alt SARL of Luxembourg. Sotheby’s is a broker of fine and decorative art, jewellery and collectibles active worldwide. Next Alt is the personal holding of Mr Drahi, which controls the Altice group. The Altice group is active in the provision of a range of telecoms, content, media, entertainment and advertising services worldwide. The Commission concluded that the proposed acquisition would raise no competition concerns, because the companies’ activities do not overlap. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.9457.

Comments

Facebook comments

Tags: , ,

Category: A Frontpage, Business, EU, European Commission, Mergers

Comments are closed.