European Commission - Daily News
Brussels, 8 September 2016
The European Commission has approved under the EU Merger Regulation the acquisition of Lampiris S.A. of Belgium by Total S.A. through its subsidiary Elf Aquitaine S.A.S., both of France.
Lampiris is active in the supply of natural gas and green electricity to retail and industrial customers in France and Belgium, as well as in the production of renewable energy in Belgium. Total, together with its subsidiaries, is an international energy producer and provider mainly active in the oil and gas sector.
The companies' activities overlap on a number of markets. However, the Commission concluded that the proposed acquisition would raise no competition concerns given the companies' limited individual and combined positions on the markets concerned. 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.8123.
(For more information: Ricardo Cardoso – Tel.: +32 229 80100; Angela Nardella- Tel.: +32 229 86801)
Source: Europa.eu (Copyright European Commission)