Brussels, 3 July 2024
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of certain parts of TrustEnergy BV (‘TrustEnergy Subsidiaries’) of Portugal by Marubeni Corporation (‘Marubeni’) of Japan. Marubeni previously had joint control over TrustEnergy Subsidiaries.
The transaction relates primarily to the electricity generation sector in Portugal.
The Commission concluded that the notified transaction would not raise competition concerns, given that the companies are not active in the same or vertically related markets, and the limited impact on the market structure. 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.11598.