Press Release: Mergers: Commission approves proposed acquisition of various Hagemeyer subsidiaries by Rexel subject to conditions

The European Commission cleared under the EU Merger Regulation the proposed acquisition of the Dutch company Hagemeyer's subsidiaries in several EEA countries and in Russia by Rexel of France. Both companies are active in the wholesale distribution of electrical products. The Commission's decision is conditional upon the divestment of Hagemeyer's electrical wholesale distribution business in Ireland. In light of this commitment, the Commission has concluded that the proposed transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.