The European Commission said the EC has approved under the EU Merger Regulation the acquisition of the LNG trading and optimisation business of EDF Trading Limited of the United Kingdom, by JERA Trading Pte Ltd, of Singapore. JERA Trading is jointly controlled by JERA Co. Inc., of Japan, and EDF Trading, belonging to the French EDF group.
JERA Trading is currently active in coal and freight trading and optimisation.
The Commission said the EC concluded that the proposed acquisition would not raise competition concerns, because it does not result in any overlaps. The transaction was examined under the simplified merger review procedure.