Brussels, 27 October 2022
The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by Interparking Servizi S.r.l. (‘Interparking’) and GKSD S.r.l., (‘GKSD’), both of Italy. The joint venture will manage and exploit a recently built parking lot located in Milan. Interparking is active in the management of paid parking lots in Italy. GKSD provides project management and consultancy services across a range of sectors, such as healthcare, construction, monitoring and advisory. The Commission concluded that the proposed acquisition would raise no competition concerns, given its limited impact on the market. 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.10922.
Source – EU Commission