The European Commission approved the proposed acquisition of joint control over the Dublin Waste-to-energy facility of Ireland by DIF Infra 5 UK of the Netherlands, Green Investment Group Investments of the UK and Covanta Holding 3 UK of the US on 8 May.
The Dublin Waste-to-energy facility is active in the disposal of waste and generation of electricity. DIF is an infrastructure investment fund. GIG specialises in green energy principal investment, project delivery and portfolio management and related services. Covanta is primarily involved in the waste disposal and energy sectors. The Commission concluded that the proposed transaction would raise no competition concerns given the absence of overlaps between the companies’ activities. The transaction was examined under the simplified merger review procedure.