Mergers: EU Commission clears acquisition of Ansaldo Energia by CDP Equity
The European Commission has approved, under the EU Merger Regulation, the acquisition of Ansaldo Energia S.p.A. (“AEN”) by CDP Equity S.p.A. (“CDPE”), both of Italy.
AEN is internationally active in the sector for power generation systems and components. Before the transaction, AEN was jointly controlled by CDPE and Shanghai Electric Hongkong Co. Limited.
CDPE is a holding company aiming to boost the Italian economy by investing equity capital in companies of major national interest. CDPE is wholly owned by Cassa Depositi e Prestiti S.p.A., a financial institution active in financing for development, enterprises, international expansion and urban transformation.
The Commission concluded that the proposed acquisition would raise no competition concerns, because CDPE had already joint control of AEN and the change to sole control does not give rise to significant changes in AENs strategic market positioning. The transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.9841.
Arianna Podesta – Maria Tsoni –