Brussels – The European Commission has given the go-ahead for the joint acquisition of Floene Energias S.A. by Italy’s Italgas Reti S.p.A. and Germany’s Allianz Capital Partners GmbH. The transaction mainly concerns the distribution of natural gas in Portugal.
The Commission has concluded that the notified transaction does not raise competition concerns, as the companies are not active in the same markets or in vertically related markets. The transaction was examined under the simplified merger control procedure.
English version by the Translation Service of Withub
