Brussels, 15 March 2024
The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture (‘IPlanet’) by Italiana Petroli S.p.A. (‘IP’) and EV Asset Holdings S.p.A, all of Italy.
The transaction relates primarily to the installation and operation of ultra-fast public charging stations for electric vehicles off-motorways in Italy, as well as to the provision of subscription services for public charging stations for electric vehicles.
The Commission concluded that the notified transaction would not raise competition concerns, given the companies’ limited market positions resulting from the proposed transaction. The notified 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.11373.
Source – EU Commission