The European Commission said on October 16 that the EC has approved,
under the EU Merger Regulation, the acquisition of Inver Energy Limited
of Ireland by Greenergy International Limited of the UK.
Inver is an independent importer and distributor of a range of fuel
products predominantly in Ireland, where it also operates a number of
retail service stations.
In the UK, Inver operates a fuel importation terminal in Cardiff,
from where it supplies fuel oil, gasoil and kerosene. Greenergy is
active in the importation, storage, blending and transportation of
refined oil fuels to wholesale customers in the UK, and is the UK’s
largest supplier of road fuels. It also produces and blends biofuels.
Brookfield Asset Management Inc. of Canada, a global asset manager,
ultimately controls Greenergy. The Commission said the EC concluded that
the proposed acquisition would raise no competition concerns because of
the limited overlap between the companies’ activities. The transaction
was examined under the normal merger review procedure.
https://www.neweurope.eu/article/eu-clears-acquisition-inver-greenergy/