The European Commission (EC) gave the green light on Wednesday to take joint control of the Formula One team McLaren racing of the McLaren group, MSP and O’Connor, which conclude that there are no conflicts of jurisdiction.
Brussels specified in a statement that the team’s actual or planned activity in the European Economic Area (EEA) was “insignificant”.
Before the transaction is approved today, McLaren racing It is jointly controlled by the McLaren group and MSP.
The McLaren group is a holding company for that company’s business activities, forming the team -focused division of Formula One and McLaren Automotive, a supplier of “high -performance” luxury cars, EC details. .
MSP is an investment advisory firm that manages investments in professional sports teams, leagues and sports businesses, while O’Connor is an investment advisor.
The transaction was evaluated under the simplified community integration evaluation procedure.
Source: La Verdad
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