The European Commission on Wednesday (16 May) cleared the EUR1.6bn (US$2.12bn) acquisition of French clothing retailer Camaieu SA by UK private equity firm Cinven Limited.

In a statement, the Commission said that because Cinven is no longer active in retail trade in women's fashion wear, the parties' activities would not overlap and there would be no competition concerns.

Camaieu has retail outlets in France, Spain, the Czech Republic, Belgium, Poland, Italy, The Netherlands and Monaco.