The European Commission approves the purchase of the Mediterránea Group by the French company Soxedo.

does not raise competition concerns, the institution reported on Monday. The acquisition mainly concerns the food services markets, the European executive specified in a statement. The Commission concluded that the notified transaction does not raise competition problems, "given the limited combined market position of the companies resulting from the proposed transaction." The transaction was examined under the simplified merger review procedure. At the end of last July, Sodexo announced the acquisition of Grupo Mediterránea and indicated that it will strengthen its position in Spain, as it is one of the main providers of food services in the country. Grupo Mediterránea, founded in 1988 and headquartered in Madrid, operates in Spain in both the ...