#52026M12392EU Review of Nuveen’s Proposed Acquisition of Schroders
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
Nuveen plans to acquire full control of Schroders through a public bid. Both companies provide asset management services, so the deal is being reviewed by the European Commission under EU merger control rules. The Commission says the case may qualify for the simplified review process, which is used for transactions that appear unlikely to raise major competition concerns. Competitors, clients, investors, and other interested parties have 10 days from publication to send comments to the Commission, quoting case number M.12392.
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Key Changes
- Nuveen has notified the European Commission of its planned acquisition of full control over Schroders.
- The transaction may be reviewed under the EU’s simplified merger procedure.
- Interested third parties have 10 days from publication to submit comments to the Commission.
Obligations
What this law requires
Interested third parties that choose to submit observations on the proposed Nuveen/Schroders concentration must ensure their observations reach the European Commission within 10 days of publication.
Any observations submitted to the European Commission on the proposed concentration must specify the reference number M.12392 – NUVEEN / SCHRODERS.