

 
 
 
 
PRESS RELEASE 
N° 51/2024 
17 December 2024 
 
        
 
        
The Belgian Competition Authority approves the acquisition of TDP by GIMV 
 
On 13 December 2024, the Belgian Competition Authority (“BCA”) approved the acquisition of TDP by GIMV.  
 
The concentration was notified on 4 December 2024 and the application of the simplified procedure was requested. 
 
GIMV is an investment company focusing on direct investments in small to medium-sized companies headquartered 
in Belgium, France, Germany, the Netherlands and Switzerland. GIMV is controlled by WorxInvest.  
 
TDP is a company active in developing, investing in and managing a wide range of infrastructure and selective real 
estate.  
 
The BCA's  investigation found that  the  notified  concentration  does  not  give  rise  to  any  overlaps  between  the 
undertakings concerned.  
 
In  its  decision  of 13 December  2024,  the BCA found that  the  conditions  for  the  application  of  the  simplified 
procedure were met and that the notified concentration did not raise objections. 
 
 
For more information you may contact:  
Damien Gerard  
Prosecutor General  
Tel: +32 (2) 277 76 57  
E-mail: damien.gerard@bma-abc.be  
Website: www.abc-bma.be  
 
 
 
 
 
 
 
City Atrium 
Rue du Progrès 50 
1210 Brussels 
 
 
 
 
 
T +32 2 277 52 72        info@bma-abc.be 
                                                                                         http://www.belgiancompetition.be 
The Belgian Competition Authority (BCA) is an independent administrative authority that contributes to the definition 
and implementation of competition policy in Belgium. Concretely, the BCA pursues anti-competitive practices, such 
as cartels and abuses of a dominant position, and reviews the main merger operations. The BCA cooperates with the 
other competition authorities of the member states of the European Union and the European Commission within the 
European Competition Network (ECN) 

BCA Greenlights GIMV's Acquisition of TDP

On December 13, 2024, the Belgian Competition Authority (BCA) announced its approval of GIMV's acquisition of TDP. The acquisition was notified to the BCA on December 4, 2024, with a request for the application of a simplified procedure.

 GIMV is an investment firm that specializes in direct investments in small to medium-sized enterprises located in Belgium, France, Germany, the Netherlands, and Switzerland. It is controlled by WorxInvest. TDP, on the other hand, is involved in the development, investment, and management of various infrastructure projects and selective real estate.

 Following its investigation, the BCA concluded that the acquisition would not create any competitive overlaps between GIMV and TDP. Consequently, the BCA determined that the conditions for applying the simplified procedure were satisfied, and the acquisition raised no objections.



BCA Greenlights GIMV's Acquisition of TDP

The Belgian Competition Authority has approved GIMV's acquisition of TDP, finding no competitive overlaps between the two companies.