Commission clears acquisition of joint control over OHL Mexico by OHL and IFM

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over OHL México S.A.B. de C.V. (OHL México) of Mexico by Obrascon Huarte Lain, S.A. (OHL) of Spain and IFM Investors Pty Ltd (IFM) of Australia. OHL México builds, manages and operates seven toll roads and one airport in Mexico. The Commission concluded that the proposed acquisition would raise no competition concerns in Europe, because OHL México will only be active in Mexico. The transaction was examined under the simplified merger review procedure.