European Commission approves Total’s plans to buy Direct Energie

It judged the proposed merger would not raise competition concerns

The European Commission has approved energy giant Total’s plans to buy French utility Direct Energie.

Direct Energie is active in the production, trade and supply of electricity and gas, while Total operates in all segments of the oil and gas industry, as well as in the renewable energy and power generation sectors.

The Commission concluded the proposed merger would not raise competition concerns because of “horizontal overlaps and very limited vertical relationships” between the activities of the two companies.

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