The European Commission said on September 17 the EC has approved, under the EU Merger Regulation, the acquisition of North Sea Midstream Partners Limited, of the UK, by the Kuwait Investment Authority, of Kuwait.
North Sea Midstream Partners owns natural gas transportation and processing assets in and around the UK North Sea. The Kuwait Investment Authority is a global investor, with investments in real estate, private and public equity, fixed income and alternative investment markets across the globe.
The Commission said the EC concluded that the proposed acquisition would raise no competition concerns, given that there are no horizontal overlaps or vertical links between the activities of the companies. The transaction was examined under the simplified merger review procedure.