Brussels, 18 September 2023
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Fortress Investment Group (‘FIG’) of the US by Mubadala Capital of Saudi Arabia and Fortress Management of the US.
The transaction relates primarily to the sector of financial service activities, including asset management.
The Commission concluded that the notified transaction would not raise competition concerns, given the companies’ limited market positions resulting from the proposed transaction.
Source – EU Commission