EU approves natural gas merger

The EU has approved the acquisition of a natural gas supplier by energy firm Edison. Gas Natural Vendita Italia was the business that was bought – both companies are based in Italy. The firm that has been sold is currently owned by Gas Natural Fenosa Internacional SA. The Commission has concluded the deal would raise […]

CMA: Metal recycling merger ‘could leave firms worse off’

Some businesses could get a worse deal on their scrap metal recycling services as a result of a recent merger. That’s the findings of the Competition and Markets Authority’s (CMA) investigation into European Metal Recycling’s (EMR) purchase of Metal & Waste Recycling (MWR) – two of the largest metal recyclers in the UK. It revealed […]

Energy consultant acquisition complete

Lancashire-based LG Energy Group (LGE) has announced the acquisition of Liverpool firm Guild Energy. The energy consultation, intelligence and procurement business bought the gas and power advisors for an undisclosed sum. LGE Managing Director, Asif Rizvi, said: “The acquisition of Guild Energy further enhances our customer offering as the merger of mall and medium-sized enterprises […]

MPs call for investigation into SSE-npower merger

The Business, Energy and Industrial Strategy (BEIS) Committee is calling for an investigation into the proposed merger between Big Six firms SSE and npower. It has written to the Competition and Markets Authority (CMA) to launch a probe as it is concerned the merger may lessen competition and affect energy consumers. The merger would reduce […]

Energy efficiency and decentralisation groups merge

The Association for Decentralised Energy (ADE) and the Association for the Conservation of Energy (ACE) are to merge. The new organisation will take the name of the former group and aims to create a unified voice for decentralised energy solutions across the industrial, commercial, public and domestic sectors. Dr Tim Rotheray will continue in his […]

SSE and npower agree domestic energy merger

SSE and npower have agreed to merge their domestic businesses to form a new energy giant. SSE’s shareholders will hold 65.6% of the stake in the new energy company while innogy, npower’s parent company, will hold a minority interest of 34.4%. innogy will also receive a break fee of £60 million if SSE’s shareholders fail […]

Chinese merger to create world’s largest utility

A merger between two Chinese energy giants will create the world’s largest utility, worth $278 billion (£215.8bn). China’s largest coal miner, Shenhua Group, is to take over state-owned power producer Guodian Group to create the National Energy Group. The new company, which will be both the country’s largest wind developer and biggest coal producer, is expected […]

CMA eyes solutions to oil and gas merger concerns

The Competition and Markets Authority (CMA) is considering proposals to overcome competition concerns regarding a £2.2 billion oil and gas services merger. The issue centres around Wood Group’s purchase of Amec Foster Wheeler – the companies provide engineering and construction (E&C) and operation and maintenance (O&M) services to the UK’s offshore oil and gas sector in […]

GE’s purchase of Baker Hughes gets EU sign off

The European Commission has cleared the buyout of an oilfield services company by General Electric (GE) without conditions. Its investigation found the GE-Baker Hughes merger would not adversely affect competition in the relevant markets. Both companies are active in oilfield services as well as oil and gas exploration and production in the European Economic Area […]

Siemens and Gamesa complete wind merger

Gamesa and Siemens Wind Power have completed their merger. The transaction, originally announced in June 2016, creates a giant new player with a presence in more than 90 countries, an industrial footprint in key wind markets and an installed capacity of 75GW. The company, which is based in Zamudio, Spain, has a €21 billion (£17.91bn) order backlog. […]