Press Release: Mergers: Commission clears joint venture between AREVA NP and Mitsubishi Heavy Industries

The European Commission has cleared under the EU Merger Regulation the creation of a joint venture between the French company AREVA NP and Mitsubishi Heavy Industries (MHI) of Japan, both active in the nuclear industry. The joint venture will be active in the design and manufacture of 'nuclear islands', the steam generation units of nuclear power plants. The Commission concluded that the proposed transaction would not significantly impede competition in the European Economic Area (EEA) or any substantial part of it.