Commission clears acquisition of Hornsea One OFTO by DTC and CEPCON
The European Commission has approved, under the EU Merger Regulation, the acquisition ofHornsea One OFTO, of the UK (owns and operates the transmission network for the Hornsea One offshore windfarm)
byDiamond Transmission Corporation Limited (DTC, active in the transmission sector), also of the UK but controlled by the Mitsubishi Corporation of Japan,
andChubu Electric Power Company Netherlands B.V. (CEPCON), of the Netherlands (controlled by Chubu Electric Power of Japan, and active in several different energy services in overseas investments)
The Commission concluded that the proposed acquisition would raise no competition concerns, given the absence of overlaps between the activities of the companies.