EU clears acquisition of Eurogrid by Elia, both of Belgium

Diposting oleh On 15.01

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 Belgium̢۪s 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 Belgium̢۪s 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.

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