EU clears acquisition of Eurogrid by Elia, both of Belgium
The European Commission said on April 16 that it has approved, under the EU Merger Regulation, the acquisition of sole control of Eurogrid International by Belgiumâs Elia System Operator.
Eurogrid invests in electric utility-related companies and provides support services to its customers. It also owns 100% of 50Hertz Transmission GmbH, one of the four transmission system operators in Germany.
Elia, jointly controlled by Eurogrid, owns, operates, maintains and develops Belgiumâs high- and extra-high-voltage grid.
The Commission said the EC concluded that the proposed acquisition would raise no competition concerns because it would not result in any overlaps. The transaction was examined under the simplified merger review procedure.Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn+ Source: Google News Belgium | Netizen 24 Belgium