The European Commission said on
August 29 that it has approved, under the EU Merger Regulation, the acquisition
of joint control over Markbygden ETT AB (METT) of Sweden by General Electric
Company (GE) of the US and Macquarie Group Limited of Australia.
METT will construct and operate the
Swedish onshore wind park Markbygden ETT with a capacity of 650MW, expected to
be fully operational in December 2019. GE is a global, diversified
manufacturing, technology and services company. Macquarie is a global
investment, banking and financial services provider.
The Commission said the EC concluded
that the proposed acquisition would raise no competition concerns given the
limited overlaps between the companies´ activities.
The transaction was examined under
the simplified merger review procedure.
https://www.neweurope.eu/article/eu-clears-acquisition-joint-control-mett-ge-macquarie/