January 21
2021
Anjum Shabbir
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11th January 2021
Competition & State Aid

Joint venture between Schlumberger and CEA: approval published

On 21 December, the European Commission approved, under the EU Merger Regulation, the creation of a joint venture (Genvia) between Schlumberger SA and CEA Investissements SA (CEA), which has now been published.

Both companies are based in France.

Schlumberger is a global supplier to the oil and gas industry.

CEA takes minority stakes in start-ups in order to enable the emergence and development of high-tech companies that capitalise on research results and with a financial objective of return on investment. CEA is a subsidiary of the French Commissariat à l'énergie atomique et aux énergies alternatives.

The joint venture will be active in the hydrogen production sector and will produce reversible SOEC/SOFC sol

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