Press Release: Mergers: Commission approves proposed acquisition of Iberdrola’s stake in SAGGAS by RREEF Fund

The European Commission cleared under the EU Merger Regulation the proposed acquisition by RREEF Pan-European Infrastructure Fund LP of the UK of the shares currently owned by the Spanish energy company Iberdrola in Planta De Regasification De Sagunto S.A. (SAGGAS), also of Spain. 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.