21/01/2021  h. 15:17   
   Overview   |  
Mergers: Commission clears the creation of a joint venture by Eni and CDP Equity

17/02/2020 | Economy | 

 Press release European Commission

Daily News 14 / 02 / 2020

The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture called GreenIT by Eni S.p.A. (“Eni”) and CDP Equity S.p.A. (“CDP Equity”), controlled by Cassa Depositi e Prestiti Group (“CDP”), all of Italy. 

GreenIT will be active in Italy in the production and wholesale supply of electricity from renewable sources. Both Eni and CDP are active in the value chain for electricity supply in Italy, where their activities overlap in the market for the generation and wholesale supply of electricity. 

In addition, CDP controls Terna S.p.A. (“Terna”), which is active in the market for the transmission and distribution of electricity in Italy, where it operates in conditions of natural and legal monopoly. 

The Commission concluded that the proposed transaction would raise no competition concerns given the very limited horizontal overlap between the activities of the companies. As regards the vertical relationship between generation and transmission of electricity, the Commission found that Terna lacks the ability and incentives to discriminate competing electricity generators. The transaction was examined under the normal merger review procedure. 

More information is available on the Commission's competition website, in the public case register under the case number M.9709.

Wikio OkNotizie Del.icio.us! Google! Facebook! Technorati! Upnews.it

Last news - All topics
  New European Bauhaus: Commission launches design phase
18 January 2021
Courses & Conferences
  Webinar on the OMC Wine Register, Thursday, January 21. Anticipations and news for 2021
20 January 2021
  Coronavirus: EU supports Member States dealing with the impact of the pandemic on the sport sector
23 April 2020
  Free streaming shows offered by Gli Alcuni to schools. First show on Monday, January 25 at 14:00
21 January 2021
Et cetera
  Venetodotcom: welcome to the company COSIMO VINCI DESIGN
19 January 2021