European Union: Issued ruling in European Commission investigation into proposed acquisition of Idealista by Cinven

On 28 October 2024, the European Commission approved the acquisition of sole control of Idealista Global, S.A. of Spain by Cinven Limited of the United Kingdom (Case M. 11654). This decision was part of an investigation under the EU Merger Regulation concerning the real estate online classified ads sector. The Commission determined that the acquisition would not raise competition concerns due to the limited market positions of the companies involved in the transaction.