The European Commission said on March 6 that the EC has approved,
under the EU Merger Regulation, the acquisition of sole control over
Westinghouse Electric UK Holdings Limited of the UK and TSB Nuclear
Energy Services Inc. of the US (together Westinghouse), by Brookfield of
Canada.
According to the Commission, Westinghouse is active in the nuclear
industry and supplies a wide range of products and services covering the
entire lifecycle of nuclear power plants. Brookfield is an asset
manager, with a focus on property, renewable power, infrastructure, and
private equity.
The Commission said the EC concluded that the proposed acquisition
would raise no competition concerns because the activities of the
companies do not overlap. The transaction was examined under the
simplified merger review procedure.
https://www.neweurope.eu/article/eu-clears-acquisition-westinghouse-brookfield/