The European Commission said on January 30 that the EC has approved, under the EU Merger Regulation, the acquisition of Clean Energy Trading GmbH by BayWa r.e., both of Germany.
According to the Commission, Clean Energy Trading is active in the fields of direct marketing of electricity from renewable energy plants and the supply of electricity to end customers. BayWa is active in the fields of solar energy, wind energy, bioenergy, and geothermal energy.
The Commission concluded that the proposed acquisition would raise no competition concerns because the overlaps between the companies are very limited and a number of strong players remain in the market after the merger.
The transaction was examined under the simplified merger review procedure.