The Belgian Competition Authority has officially approved the acquisition of joint control of Viabuild by Square Group and Deckx Management Companies. This decision is pivotal as it allows both companies to collaborate in managing Viabuild, a key player in the construction industry.

The approval comes after a thorough review process by the competition authority, which assessed the potential impact of the acquisition on market competition. The authority found that the joint control would not significantly hinder competition within the construction sector, ensuring that consumers and other businesses would not face adverse effects.

This acquisition is expected to enhance operational efficiencies and foster innovation within Viabuild, benefiting the overall construction landscape in Belgium. Both Square Group and Deckx Management Companies are optimistic about the synergies that will arise from this partnership.