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TPG pulls EU filing on Techem deal one day ahead of review deadline (update*)

By Andrew Boyce ( May 7, 2025, 12:01 GMT | Insight) -- US private-equity firm TPG has withdrawn its request for EU approval to buy German metering specialist Techem, one day ahead of the European Commission’s deadline to either clear the deal or open an in-depth investigation. TPG had offered concessions to the commission in a bid to address competition concerns, but today it said* it had "reached an unexpected set of outcomes that create significant uncertainty and complexity for the transaction."US private-equity firm TPG has withdrawn its request for EU approval of its plan to buy German metering specialist Techem, one day ahead of the European Commission’s deadline to either clear the deal or open an in-depth probe....

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