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EU competition law daily update: mergers (JV approval, filing), State aid schemes, Dutch TCTF net-zero investment support, upcoming dates (2 July 2024)

Published on: 02 July 2024

Published by a LexisNexis Competition expert
Legal News
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Article summary

Mergers

  • The Commission cleared a joint venture, Jernbanebyen Holding K/S (Denmark), by NREP AB (Sweden), Novo Holdings A/S, Industriens Pensionsforsikring A/S and DSB Ejendomsudvikling A/S (all Denmark) after a phase I review—see further, Midday Express.
  • The Commission received notification of Kiwa/Adesso/JV (M.11601) under the normal merger procedure.
  • NOTE—For merger investigations: EU mergers—ongoing cases tracker.

State aid

  • Approval, under EU State aid rules, of: a €3bn Swedish scheme for carbon capture and storage from biomass—see further, press release; Bulgaria’s plan to grant restructuring aid to Bulgarian Posts up to €25.5m—see further, press release; a €45m Portuguese measure to shift freight from road to rail—see further, Midday Express; and amendments to a German scheme compensating energy‑intensive companies for higher electricity prices linked to ETS‑driven carbon costs—see further, Midday Express.
  • NOTE—For State aid decisions and formal investigations: EU State aid decisions—ongoing cases tracker.

Russia’s invasion of Ukraine

  • Under the State aid Temporary Crisis and Transition Framework, the Commission approved a Dutch (€158m) scheme supporting investment in equipment for the net‑zero transition, aligned with the Green Deal Industrial Plan—see further, Midday Express.
  • NOTE—For decisions under the Temporary Crises Framework on Russia’s invasion: Conflict in Ukraine—EU State aid decisions.

Upcoming dates

For forthcoming EU competition developments,...

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