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EU OKs joint control of HSCo

BRUSSELS — The European Commission announced Friday that it has decided to greenlight the acquisition of joint control of the U.K. company HSCo, which comprises the business of the BBC’s home service transmission.

According to a statement issued by the commission, “This joint control will be exercised by Castle Tower Communications and Berkshire Fund IV LP of the United States, Tl diffusion de France International SA and Candover Plc of the U.K.”

The principal activity of the joint venture will be to provide terrestrial transmission services in the U.K., the Isle of Man and the Channel Islands.

“The acquisition of joint control over HSCo by the consortium does not give rise to any addition of market shares by the parties,” said a commission spokesman. The commission decided that, in view of their market position, the deal had no impact on competition in the EU.

Tl diffusion de France, which is controlled by France Tl com, provides terrestrial transmission services for TV and radio, mainly in France. Candover Investments and Berkshire Fund IV LP are both investment houses.

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