Press Release: Mergers: Commission approves joint venture between ECE and Metro for supply of property management services in Germany

The European Commission has approved under the EU Merger Regulation the creation of a joint venture between the German commercial property manager ECE and Metro Asset Management Services (MAMS), a subsidiary of the German Metro Group, for the provision of retail property management services. The Commission examined the impact of the transaction, particularly in Germany, and concluded that ECE and the joint venture would continue to face sufficient competition from other providers of retail property management services.