European Commission
Mergers: Commission authorizes the acquisition of joint control of RNS Enerji by TotalEnergies and RNS Holding
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Rönesans Enerji Üretim ve Ticaret Anonim Şirketi (“RNS Enerji”), based in Turkey, by TotalEnergies SE, based in France, and Rönesans Holding A.Ş., based in Turkey. RNS Enerji is active in the development and sale of power plants, production and sale of electricity as well as the construction of charging stations in Turkey. TotalEnergies is present in the energy sector, particularly in (i) the oil and gas industry; (ii) renewable energies; (iii) electricity production; and (iv) carbon neutral activities. RNS Holding is active in construction, real estate, health, energy and petrochemicals. The Commission concluded that the planned acquisition would not raise competition concerns, given its very limited impact on the European Economic Area. The transaction was reviewed under the simplified merger control procedure.
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