The European Commission has cleared the acquisition of joint control of France-based NEoT Capital by Japan-based Mitsui, EDF Pulse Holding and Forsee Power, both based in France. NEoT is currently jointly controlled by EDF and Forsee Power.

The transaction mainly concerns asset management in the energy sector.

The Commission concluded that the proposed transaction would not raise competition concerns, as NEoT has negligible activities in the European Economic Area and the companies are not active in the same or vertically related markets.

Copyright (c) 2023 CercleFinance.com. All rights reserved.