#52026M12424EU merger notice for Octopus Energy, Schneider Electric and Uplight
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
Octopus Energy and Schneider Electric plan to take joint control of Uplight through a share purchase. Uplight provides software that helps energy consumers monitor and adjust their energy use, while the buyers are active in energy supply, energy management, and related technology. The European Commission is reviewing whether the deal falls under EU merger rules and says it may qualify for the simplified review process. Competitors, customers, or other interested parties have 10 days from publication to send comments to the Commission.
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Key Changes
- Octopus Energy and Schneider Electric notified the Commission of their plan to jointly control Uplight.
- The deal may be reviewed under the EU simplified merger procedure.
- Interested third parties have 10 days from publication to submit comments.
Obligations
What this law requires
Interested third parties that choose to submit observations on the proposed concentration must ensure their observations reach the European Commission no later than 10 days after publication of the notice.
Any observations submitted to the Commission on this concentration must specify the reference: M.12424 – OCTOPUS ENERGY GROUP / SCHNEIDER ELECTRIC / UPLIGHT.