The European Commission has approved the acquisition of joint control of Perfesco SAS by EDF, both based in France, and Sustainable Growth Infrastructure Fund SCSp SICAV-RAIF ('SGIF'), based in Luxembourg.

The transaction mainly concerns the market for multi-technical management services aimed at improving the energy efficiency of buildings and industrial facilities.

The Commission concluded that the proposed concentration would not raise competition concerns, given Perfesco's limited activities in the European Economic Area, as well as the limited market positions of the companies concerned resulting from the proposed transaction.

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