The Commission for the Protection of Competition of the Republic of Cyprus concludes that a transaction does not affect the current position of the acquirer and therefore decided that it did not raise serious doubts as regards its compatibility with the competitive market (Vicini/SLZA)

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Commission for the Protection of Competition of the Republic of Cyprus, Vicini / SLZA, 16/2014, 8.13.013.38, 14 March 2014

Background On the 27th of December 2013, the Commission for the Protection of Competition (the «Commission») received a notification relating to the proposed acquisition by S.L.Z.A. S.A. («S.L.Z.A.») of 30% of the share capital of Vicini S.p.A. («Vicini»), in accordance with section 13 of the Cyprus Merger Control Law («Law»). S.L.Z.A, is a company duly registered in accordance with the laws of Luxembourg and is a special purpose vehicle entity that was established with the sole purpose of carrying out the proposed transaction. S.L.Z.A. is owned by F.C.P.R.L Capital 3, which is an investment management fund under the management of “L Capital Management S.A.S”. In turn, “L. Capital Management S.A.S” is an investment management company of two active private equity funds (F.C.P.R.L Capital 2 and

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Polyvios Panayides, The Commission for the Protection of Competition of the Republic of Cyprus concludes that a transaction does not affect the current position of the acquirer and therefore decided that it did not raise serious doubts as regards its compatibility with the competitive market (Vicini/SLZA), 14 March 2014, e-Competitions Bulletin Financial services, Art. N° 68833

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