Mergers: Commission clears acquisition of the Transmission Operator for the Galloper offshore windfarm by #DTC and #IRCP

| August 29, 2019

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over Diamond Transmission Partners Galloper (Holding) Limited by Diamond Transmission Corporation Limited(“DTC”) and InfraRed Capital Partners Limited (“IRCP”), all of the UK. Diamond Transmission Partners Galloper is the holding company of the Offshore Transmission Owner for the Galloper offshore windfarm, active in the transmission of electricity from this windfarm to the UK’s onshore National Electricity Transmission System. Diamond Transmission Partners Galloper is currently solely controlled by DTC. DTC is a holding company with activities in the electricity transmission sector. IRCP is an infrastructure investment management company active in financial advice and managing investments on behalf of investment funds. The Commission concluded that the proposed acquisition would raise no competition concerns, because the companies’ activities do not overlap. 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.9472.

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Category: A Frontpage, Business, EU, European Commission, Mergers

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