EC clears Brookfield’s stake in UK power company

By Staff reporter 16 August 2017

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...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up