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EU Green-lights Joint Ownership of Oman's Majis Industrial Services

MT Newswires·08/03/2026 06:41:59
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06:41 AM EDT, 08/03/2026 (MT Newswires) -- The European Commission said Monday it authorized the acquisition of joint control of Oman-based Majis Industrial Services by Denmark's Iv3 Aqua Holding and Guernsey's Rakiza GP I. The regulator concluded that the transaction, which mainly covers the industry of water supply, desalination and wastewater management in Oman, would not raise competition concerns in the European Economic Area. Iv3 is ultimately solely controlled by the A.P. Møller Foundation, while Rakiza is jointly controlled by the Oman Investment Authority and UK-based Equitix Investment Management.