#52026M12235EU Review of Joint Control Over TenneT’s German Grid Business
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
Announces an EU merger review of a planned deal in which Germany’s Federal Ministry for Economic Affairs and Energy, acting through KfW, and TransTenneT would jointly control TenneT GmbH & Co. KG, the German electricity grid operator. The deal would be carried out through a share purchase and may be handled under the EU’s simplified merger process. The notice mainly affects the companies involved, electricity transmission stakeholders, energy traders, and competitors that may want to comment. Interested parties have 10 days from publication to send observations to the European Commission, using case reference M.12235.
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Key Changes
- The European Commission has been notified of a planned share purchase involving joint control of TenneT’s German grid business.
- The case may be reviewed under the EU simplified merger procedure.
- Interested third parties can submit comments to the Commission within 10 days of publication.
Obligations
What this law requires
Interested third parties that wish to comment on the proposed concentration must submit their observations to the European Commission so that they are received no later than 10 days after publication of the notice.
Any observations submitted to the European Commission must specify the case reference: M.12235 – BMWE / KFW / TRANSTENNET / TENNET.
Observations must be sent to the European Commission using the stated contact route: by email to [email protected] or by post to the Directorate-General for Competition Merger Registry, 1049 Bruxelles/Brussel, Belgium.