The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Formosa 2 International Investment Co., Ltd (‘Formosa 2′) of Taiwan by the Public Sector Pension Investment Board (‘PSPIB’) of Canada and JERA Nex bp Limited of the UK.
The transaction relates primarily to the sector of offshore wind farms in Taiwan.
The Commission concluded that the notified transaction would not raise competition concerns, given the limited impact on the European Economic Area. The notified 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.12532.
