EC gives green light for CVC fund's takeover of Comarch

The European Commission has approved the acquisition of sole control of listed IT group Comarch by the CVC Capital Partners fund, the EC said on its website.

"The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Comarch S.A. of Poland by CVC Capital Partners plc of Jersey," EC reported.

The transaction relates primarily to the supply of IT solutions.

The Commission concluded that the notified transaction would not raise competition concerns, given the companies' limited combined market position resulting from the proposed transaction.

The notified transaction was examined under the simplified merger review procedure.

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