(Finance) – The European Commission ha approvedpursuant to the EU Merger Regulation, theacquisition of joint control of EEW Offshore Wind EU by EEW Holding, both German, and Sumitomo of Japan. The transaction primarily concerns the production of large steel pipes used in the construction of offshore wind farms.
The Commission concluded that the notified transaction would not raise competition concerns, given thelimited impact on the market structure. The notified transaction was examined under the simplified merger review procedure.