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...
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