EU Okays Candover's Boune Buy

The European Commission said it has cleared private equity vehicle Candover Group's proposed acquisition of the whole of Bourne Leisure Holdings Ltd.

The transaction was reviewed under the EU's 'simplified' merger review procedure for cases that the commission believes do not pose competition concerns.

Candover previously owned a 28 pct stake in Bourne together with Legal & General Group, but divested it in 2004.

Bourne owns UK holiday parks Butlins and Haven.