TPG, Corpay Acquisition of Joint Control of AvidXchange Gets European Regulatory Approval

MT Newswires Live07-01

TPG's (TPG) and Corpay's (CPAY) acquisition of joint control of AvidXchange Holdings (AVDX) has received approval from the European Commission, the commission said Tuesday.

The commission said deal, related mainly to providing accounts payable automation software, "would not raise competition concerns" because of the "limited" effect on the European Economic Area.

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