The European Commission has approved the acquisition of joint control of German LNG Terminal GmBH (GLNG) by Germany’s national promotional bank KfW and Nederlandse Gasunie, the Dutch energy network operator.
Under the EU Merger Regulation, the Commission concluded that the proposed acquisition would raise no competition concerns, given the absence of overlaps between the companies’ activities in the European Economic Area.
GLNG is a joint venture formed to build, own and operate a liquefied natural gas (LNG) regasification facility in Brunsbüttel, Germany.