The EU Commission approves the acquisition of a recycled aluminium producer by an investment fund subject to the divestment of two facilities (KPS Special Situations Fund V / Evergreen Holding Germany / Real Alloy UK Holdco)

Mergers: Commission approves KPS acquisition of Real Alloy Europe, subject to conditions* The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Evergreen Holding Germany GmbH and Real Alloy UK Holdco Ltd (‘Real Alloy Europe') by KPS Special Situations Fund V, a fund managed by KPS Capital Partners, LP (‘KPS') through its subsidiary Speira BidCo I GmbH (‘Speira'). The approval is conditional on full compliance with commitments offered by KPS. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “Access to recycled aluminium is important to achieve the objectives of the circular economy and green transition. We had concerns that the combined entity could foreclose critical input for producers