The European Commission,
the EU’s executive arm, said on March 1 that it has approved, under the EU
Merger Regulation, the proposed acquisition of joint control over Formosa 1
International Investment Co., Ltd. of Taiwan by Denmark’s DONG Energy Wind
Power Holding A/S, Australia’s Macquarie Corporate Holdings Pty Limited and
Taiwan’s Swancor Holding Co., Ltd.
Formosa 1 is an offshore
wind farm project to be developed, constructed and operated near Miaoli,
Taiwan.
DONG is active in the
markets for oil and natural gas exploration and production, development,
construction and operation of offshore wind farms, electricity and heat
generation from power plants, natural gas and electricity trading, the sale and
distribution of electricity and the sale of natural gas.
Macquarie is active in
investment intermediation for institutional, corporate and retail clients
around the world in a wide range of sectors. Swancor is a producer and
distributor of specialty chemical materials.
The Commission said in a
press release that it concluded that the proposed transaction would raise no
competition concerns as the geographical area where the wind farm will operate
is in Taiwan. The transaction was examined under the simplified merger review
procedure, the Commission said.
https://www.neweurope.eu/article/eu-approves-acquisition-formosa-1-wind-power-dong-energy-macquarie-swancor/