The European Commission said Tuesday the EC has approved, under the EU Merger Regulation, the acquisition of Gas Natural Vendita Italia by Edison SpA, both of Italy.
Gas Natural Vendita Italia, currently owned by Gas Natural Fenosa Internacional SA, is active in the supply of electricity and natural gas in Italy. Edison SpA, a subsidiary of Electricité de France SA, is active at various levels of the supply chain for electricity and natural gas mainly in Italy.
The Commission said the EC concluded that the proposed acquisition would raise no competition concerns as the companies have a limited position in the market where their activities overlap and other strong competitors would remain in the market after the merger.
The transaction was examined under the normal merger review procedure.