EU clears acquisition of Lucid Energy by Goldman Sachs, Riverstone

EPA/JUSTIN LANE/FILE PICTURE

The New York headquarters of the Goldman Sachs investment firm in New York, USA.

Lucid Energy provides natural gas gathering, compression and natural gas processing in Texas and New Mexico


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The European Commission said on February 8 that the EC has approved, under the EU Merger Regulation, the proposed acquisition of joint control over Lucid Energy Group II LLC by The Goldman Sachs Group, Inc. and Riverstone Investment Group LLC, all of the US. Lucid Energy provides natural gas gathering, compression and natural gas processing in Texas and New Mexico.

Goldman Sachs is a global investment banking, securities and investment management firm that provides a wide range of banking, securities and investment services worldwide. Riverstone is a private equity firm focused on investments in the energy and power sectors.

The Commission said the EC concluded that the proposed transaction would raise no competition concerns as Lucid Energy is not active in the European Economic Area. The transaction was examined under the simplified merger review procedure.

 

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