Brussels, 17 November 2022
The European Commission has approved, under the EU Merger Regulation, the acquisition of PZEM Energy Company B.V. and its subsidiaries (Sloe Centrale Holding B.V., Sloe Centrale B.V. and PZEM Tolling Sloe B.V.) as well as of PZEM Pipe B.V., all of the Netherlands, by EP Power Europe of Czechia.
PZEM Energy Company, its subsidiaries and PZEM Pipe are all active in the energy and gas sector, primarily in the Netherlands. EP Power Europe belongs to the EPH Group, which is a vertically integrated energy company covering the complete value chain from lignite mining to electricity and heat distribution and supply as well as the transmission, distribution and supply of gas.
The Commission concluded that the proposed acquisition would raise no competition concerns in the European Economic Area, given the companies’ moderate combined market position resulting from the proposed transaction. The transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M. 10960.
Source – EU Commission