Mon. Mar 3rd, 2025

LEGAL AFFAIRS

LATEST NEWS

Main results of the EU General Affairs Council, 25 February 2025

The EU Council started preparations for the European Council meeting by discussing an annotated draft agenda. EU leaders are expected to discuss: Russia’s war of aggression against Ukraine, developments in the Middle East, EU’s competitiveness, the Multiannual Financial Framework (MFF) and new own resources, migration, oceans, and other specific foreign policy issues.

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EU Commission clears creation of a joint venture by PSS and Maccaferri

The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by Prime Synthetic Solutions Ltd (‘PSS’) of the UK and Officine Maccaferri SpA (‘Maccaferri’) of Italy. The transaction relates primarily to the supply and manufacture of rope wire products, in particular parafil and paraloop products, which will be produced with aramid fibers.

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EU Commission clears acquisition of Yoko by GreenYellow, STOA and DEG

The EU Commission has approved the acquisition of joint control of Yoko Asset Management 2 Pte. Ltd (“Yoko”), based in Singapore, by GreenYellow Mekong BV (“GreenYellow”), based in the Netherlands, STOA Infra & Energy (“STOA”), based in France, and DEG – Deutsche Investitions-und Entwicklungsgesellschaft MBH (“DEG”), based in Germany.

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Austria: EU Commission approves €227m state aid to “ams Osram” wafer manufacturing

The EU Commission has approved a €227 million Austrian state aid measure to support ams Osram’s advanced manufacturing facility in Premstätten, Austria. The measure will strengthen Europe’s security of supply, resilience and autonomy in semiconductor technologies, in line with the objectives set out in the European Chips Act and the Political Guidelines for the European Commission 2024-2029.

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