Sotheby's: EU clears acquisition by ADQCVF and Next
(CercleFinance.com) - The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of UK-based Sotheby's Holdings UK by Abu Dhabi-based ADQ CV Future (ADQCVF) and Luxembourg-based Next.
The transaction mainly concerns auctions and private sales of works of art and luxury goods.
The Commission concluded that the proposed concentration would not raise competition concerns, given that the companies are not present on the same or vertically related markets.
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The transaction mainly concerns auctions and private sales of works of art and luxury goods.
The Commission concluded that the proposed concentration would not raise competition concerns, given that the companies are not present on the same or vertically related markets.
Copyright (c) 2024 CercleFinance.com. All rights reserved.