The Commission for the Protection of Competition received a notification of a proposed concentration regarding the acquisition of part of the share capital of Clivet S.p.A. and Clivet Espana S.A.U., by Midea Electrics Netherlands B.V.
Clivet S.p.A is a company duly registered in Italy. The said company designs, manufactures and sells air conditioning systems and after sales services.
Clivet Espana S.A.U.is a company duly registered in Spain. The said company sells and distributes air conditioning systems manufactured by Clivet S.p.A.
Midea Electrics Netherlands B.V is a company duly registered in Holland and is active in the general wholesale trade. Midea group of companies deals with a wide range of activities, e.g. household appliances, electronic machines, computer services, consulting services, etc.