European Commission gives green light to Mitsubishi-Eneco takeover

Latest

Facebook
Twitter
LinkedIn
Reddit
Email
View over Eneco's headquarters. Image credit: Eneco

The European Commission has approved the acquisition of Eneco by the Mitsubishi Corporation, first announced last November.

After examination, the Commission concluded that the acquisition would not raise any competition concerns. This is because of both the Japanese giant and Belgian energy company’s moderate market position, meaning the transaction would create little overlap, it said.

The transaction will see Mitsubishi take an 80% stake in the company with its subsidiary Chubu holding the remaining 20%, pending regulatory approval of the transaction. The acquisition will cost €4.1 billion (US$4.47 billion).

See here to read the story in full on sister title Current±

28 June 2023
Join us in London for 2 days as we look at the UK’s new landscape for utility & rooftop solar. Understand the new opportunities within this GW-plus annual market!

Read Next

Subscribe to Newsletter

Most Read

Upcoming Events