Subscriber Login

Deal Watch

EU clears acquisition of Eurogrid by Belgian Elia [free access]

April 17, 2018

The European Commission (EC) has given its approval, under the European Union (EU) Merger Regulation, to the acquisition of sole control of Eurogrid International by Belgium’s transmission system operator (TSO), Elia.

 

Eurogrid invests in electric utility-related companies and provides support services to its customers. It also owns 100 per cent stake in one of the four German transmission system operators (TSO)—50Hertz Transmission GmbH.

 

The EC has concluded that the proposed acquisition would not raise any competition concerns, as it would not result in any overlaps. The transaction was examined under the simplified merger review procedure.