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IP/10/194

Brussels, 25 February 2010

Mergers: Commission approves acquisition of DSI International by Bank of America and Barclays Bank

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of DSI International, by Bank of America Corporation (BAC) and Barclays Bank. The Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.

DSI is a group active in the development, manufacture and supply of a variety of components and integrated systems based on tensioning technology for the construction and mining industries. BAC and Barclays are global financial institutions.

The Commission’s examination of the deal showed that neither BAC nor Barclays are engaged in business activities in a product market which is upstream or downstream of the markets in which DSI is active within the EEA.

The Commission, therefore, concluded that the proposed transaction would not materially affect competition in any of the aforementioned markets.

The transaction was notified to the Commission for regulatory clearance on 22 January 2010. More information on the case will be available at:

http://ec.europa.eu/competition/mergers/cases/index/m114.html#m_5729


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