The European Commission has approved under the EU Merger Regulation the acquisition of joint control of Eolia, based in Spain, by ENGIE Spain and Predica, based in France.
Eolia is active in the production of renewable energy as well as in the development, construction and operation of wind farms and photovoltaic solar installations in Spain.
ENGIE Spain is active in the fields of natural gas, electricity, and energy services.
Predica is a life and health insurance company. The Commission concluded that the proposed merger would not raise competition concerns as the overlaps between the companies’ activities are limited. The transaction was reviewed under the simplified merger control procedure. Further information is available on the Commission’s competition website, in the public case register under case number M.10563.
Source – EU Commission – translated from French by Google Translate.