Commission clears creation of joint venture by ACS AIID, Telefónica, Banco Santander and SETT

The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by AI Infrastructure Development, S.L. (‘ACS AIID'), Telefónica S.A. (‘Telefónica'), Banco Santander, S.A. and Entidad Pública Empresarial Sociedad Española para la Transformación Tecnológica, E.P.E. (‘SETT'), all of Spain. The transaction relates primarily to third-party data centre colocation…