Press Release: Mergers: European Commission clears APX’s proposed purchase of Belpex in energy trading field

The European Commission has approved under the EU Merger Regulation the proposed purchase by energy exchange operator APX of Belpex, a company that facilitates trading in electricity in Belgium of. At the same time, the Commission also approved the acquisition of joint control over APX by TenneT, Elia and Gasunie. After examining the operation, the Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.