KKR: EU approves creation of JV in US

(CercleFinance.com) - The European Commission has approved the creation of a joint venture by KKR & Co.
and The Baupost Group, both of which are based in the US.

The transaction mainly concerns the hotel sector.

KKR and Baupost will acquire, through the creation of a joint venture, a hotel portfolio of 33 assets located in the UK, operating under the 'Marriott' and 'Delta by Marriott' brands.

The Commission concluded that the notified transaction would not raise competition concerns, given the limited impact on the European Economic Area.


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