EU Energy Policy

EC clears Brookfield’s stake in UK power company

The European Commission has approved the acquisition of joint control over FHHGL by Canadian global asset manager Brookfield and French energy company Engie.
By Staff reporter 16 August 2017 0 27212

The European Commission has approved the acquisition of joint control over FHH (Guernsey) Ltd (FHHGL) by Canadian global asset manager Brookfield and French energy company Engie, it said on Wednesday.

FHHGL owns and operates two pumped storage assets in the UK and is active in the wholesale supply of electricity. It is currently jointly controlled by Engie and Mitsui Power Ventures.

“The Commission concluded that the proposed acquisition would raise no competition concerns given the very limited overlap between the companies’ activities,” the commission said in a...