The European Commission has approved under the EU Merger Regulation the acquisition of joint control by Macquarie Group Limited (Macquarie) of Australia and Universities Superannuation Scheme Limited (USSL) of the UK, over nine wind farms from UK Green Investment Bank plc (GIB) also of the UK.
The nine wind farms are located off the coast of England and Wales. Macquarie is a global investment company, banking and financial services provider with offices in 28 countries in the world. USSL is a corporate trustee responsible for managing a UK private sector pension scheme for staff in UK universities and other higher education and research institutions.
The Commission concluded that the proposed transaction would raise no competition concerns as there are very minor overlaps between the companies’ activities. The transaction was examined under the simplified merger review procedure.
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