Brussels, 13 October 2023
The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by Swiss Life Holding AG, from Switzerland, and Schroders Greencoat LLP, from the UK.
The transaction relates primarily to the district heating and cooling sector in the UK.
The Commission concluded that the proposed acquisition would not raise competition concerns, given that the joint venture has no actual or foreseen activities in the European Economic Area. The 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.11276.
Source – EU Commission