Mergers: Commission clears acquisition of the Romanian assets of ČEZ by MIRA
Daily News 04 / 01 / 2021
Source: European Commission Spokesperson's Service
The European Commission has approved, under the EU Merger Regulation, the acquisition of certain Romanian electricity generation, electricity distribution, and electricity and natural gas retail supply assets, currently held by ČEZ a.s. (‘CEZ’) of Czechia, by Macquarie Infrastructure and Real Assets (Europe) Limited (‘MIRA’) of the UK. The Romanian assets of CEZ consist of an electricity distribution network and various wind and hydroelectric energy generation assets as well as retail supply of gas and electricity assets, all based in Romania. MIRA is active in the management of infrastructure and other real assets, including real estate, energy and agricultural assets. MIRA is part of Macquarie Group Limited of Australia, a global investment, banking and financial services provider. The Commission concluded that the proposed acquisition would raise no competition concerns, because it would not result in any overlaps between the activities of the companies. 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.10055.