Brussels, 18 October 2024
The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture, PowerUp AG (‘PowerUp’), by Die Schweizerische Post AG (‘Die Schweizerische Post’) and Fenaco Genossenschaft (‘Fenaco’), all of Switzerland.
The transaction relates primarily to electric vehicle charging stations in Switzerland.
The Commission concluded that the notified transaction would not raise competition concerns, given the limited impact on the European Economic Area. 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.11745.