Economy - published on 29 March 2023
Source: European Commission Spokesperson’s Service
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Luwei Wind Power Co., Ltd., Chungwei Wind Power Co., Ltd., Tongwei Wind Power Co., Ltd., Chinfeng Wind Power Co., Ltd., and Anwei Wind Power (the ‘acquired companies’) of Taiwan by Macquarie Group Limited (‘Macquarie’) of Australia and wpd AG of Germany.
The acquired companies operate onshore wind turbines in Taiwan. Macquarie is a provider of banking, financial, advisory, investment and funds management services, active worldwide. wpd develops and operates wind farms and solar parks in Asia, Chile, Europe and the US.
The Commission concluded that the proposed acquisition would raise no competition concerns, given that the acquired companies have no activities in the European Economic Area. The transaction was examined under the simplified merger review procedure.