Apollo Capital Management Acquires European Paper Producer Lecta

The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Lecta Paper Industries Intermediate Financing S.à r.l. (‘Lecta’) of Luxembourg by Apollo Capital Management, L.P. (‘Apollo Funds’) of the US.

The transaction relates primarily to the manufacturing and supply of paper and paperboard.

The Commission concluded that the notified transaction would not raise competition concerns, given the companies’ limited market positions resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.