Poolbeg Plant Ownership Passes European Merger Regulation : Dublin Waste to Energy Joint Control Acquisition Approved by EU
Under the EU Merger Regulation, the European Commission has approved, the acquisition of joint control over Dublin’s Poolbeg waste to energy facility.
The acquisition is being mad by Münchner Rückversicherungs-Gesellschaft Aktiengesellschaft in Münchenof Germany, DIF Management Holding BV of the Netherlands, Green Investment Group Limited of the UK, controlled by the Macquarie Group of Australia, and Covanta Holding Corporation of the US.
GIG specialises in green infrastructure principal investment, project delivery and portfolio management and related services.
Covanta is primarily involved in the waste disposal and energy sectors.
The Commission concluded that the proposed acquisition would raise no competition concerns, given the absence of horizontal overlaps or vertical relationships between the activities of the plant and those of Munich Re, DIF, Macquarie, and Covanta within the European Economic Area.
The transaction was examined under the simplified merger review procedure.
More information is available on the Commission's competition website, in the public case register under the case number M.9523.
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