FCCA approves acquisition of Certeum Oy by the Blackstone Group L.P.

On 28 October 2015, the Finnish Competition and Consumer Authority (FCCA) approved an acquisition by which the Blackstone Group L.P. gained sole control of Certeum Oy through Tungsten Investment S.à.r.l.

Blackstone is a globally operating private equity investment company that also provides financial advisory services. The acquired company, Certeum, is a property investment company specialising in owning, leasing and developing logistics and industrial properties.

The FCCA is of the view that the acquisition will not significantly impede effective competition in the Finnish market or a substantial part of it.

The FCCA’s decision includes the business secrets of the parties involved. The decision can only be published after the confidential information has been removed, which will take approximately two weeks.