Macquarie and CDP win EU approval for Open Fiber acquisition

MILAN: The acquisition of broadband network company Open Fiber by Italy’s state lender Cassa Depositi e Prestiti (CDP) and Australian fund Macquarie has won EU regulatory approval, a filing on the European Commission website showed on Thursday.

The deal does not raise serious doubts over its compatibility with the common market, the EU antitrust watchdog said, confirming what sources told Reuters on Monday.

State-controlled Enel and CDP currently have joint control of Open Fiber, which had been set up for the rollout of fibre optic cables to help Italy to catch up with the rest of Europe.