Press Release: Mergers: Commission clears acquisition of Concesionaria Mexiquense by Caisse de dépôt et placement du Québec and IFM Investors

The European Commission has approved under the EU Merger Regulation the acquisition of joint control over Concesionaria Mexiquense S.A. de C.V. (“Conmex”) of Mexico by Caisse de dépôt et placement du Québec (“CDPQ”) of Canada and IFM Investors Pty Ltd of Australia.  Conmex is active in the building and operation of the group of toll roads that which form the Mexiquense Beltway in Mexico. CDPQ is a global institutional investor which manages funds mainly for public and para-public pension as well as insurance plans. IFM Investors is a global investment manager with assets under management across infrastructure, listed equities, private capital and debt investments. The Commission concluded that the proposed acquisition would raise no competition concerns in the European Economic Area because Conmex solely operates in Mexico and in markets unrelated to those in which CDPQ is active. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.8811(For more information: Ricardo Cardoso – Tel.: +32 229 80100; Maria Sarantopoulou – Tel.: +32 229 13740)

Source: European Commission

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