The European Commission has approved the creation of a joint venture between Crédit Agricole Transitions & Energies of France and Primeo Energie Schweiz of Switzerland.
The deal mainly concerns the retail sale and supply of electricity to customers in France, the Commission said in a release on Thursday.
It found the transaction would not raise competition concerns because the companies would have a limited combined market position following the deal.
Case details
The Commission added that the case was assessed under the EU’s simplified merger review procedure, a faster process used for transactions that are unlikely to cause competition problems.
Further information is published in the Commission’s online case register under reference M.12583.
