European Commission approves acquisition of TelePizza

MADRID—The European Commission has cleared under the EU Merger Regulation the proposed acquisition and sole control of the 800-unit TelePizza chain by investment group CVC.

According to a news release, CVC will acquire the chain via public bid. The EC concluded the transaction would not significantly impede effective competition in the European Economic Area or any substantial part of it.

CVC controls a number of broad-ranging businesses, including multiple restaurant firms across Spain.