The European Commission has approved plans by UK-based C2X Ltd and Hong Kong’s CP Industrial Capital Management Co., Limited (CPCM) to set up a joint venture.
The decision was made under the EU Merger Regulation, which requires certain deals to be reviewed to assess their impact on competition in the EU’s single market, the Commission announced on Monday.
The transaction relates primarily to the green methanol sector.
The Commission said it concluded the proposed joint venture would not raise competition concerns because it would have a limited impact on the European Economic Area — the EU plus Iceland, Liechtenstein and Norway.
Reviewed under simplified procedure
The deal was examined under the Commission’s simplified merger review procedure.
Further details are available on the Commission’s competition website and its public case register under case number M.12570.
