Brussels, 13 May 2024
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of GETEC Energie of Germany by Britannic Strategies of the UK.
The transaction relates primarily to the supply and trade of energy products.
The Commission concluded that the notified transaction would not raise competition concerns, given the companies’ limited combined and individual 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.11498.