(Source: EU Commission)
The European Commission has approved, under the EU Merger Regulation, the acquisition of Next Kraftwerke (‘NXK’) of Germany by Royal Dutch Shell (‘Shell’) of the Netherlands and the UK. NXK is an electricity aggregator and trader specialised in the direct selling of electricity from renewable energy sources. Shell is a global group of energy and petrochemical companies with businesses including oil and gas exploration, production, manufacturing, marketing and shipping of oil products and chemicals, and renewable energy products. The Commission concluded that the proposed acquisition would not raise competition concerns, given that the companies’ combined market shares in the markets where their activities overlap are limited. 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.10170.