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Mergers: Commission clears acquisition of a controlling stake in five solar parks in France by Natixis

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Les-Mées-Vue-aérienne-copyright-HDThe European Commission has approved under the EU Merger Regulation the acquisition of joint control over the solar parks La Compagnie du Soleil Investissement 1, La Compagnie du Soleil Investissement 2, La Compagnie du Soleil Investissement 5, La Compagnie du Soleil Investissement 9 and La Compagnie du Soleil Grand Ouest by GDF Suez, SOPER and Natixis, all of France. Currently the solar parks are jointly controlled by GDF Suez and SOPER. Natixis is a French corporate and investment bank, which is controlled by La Caisse d'Epargne. The Commission concluded that the proposed acquisition would not raise competition concerns, because the overlaps between the parties' activities in the markets concerned are limited. 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.7352.

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