Britain’s competition regulator, the Competition and Markets Authority (CMA), announced on Friday that it has approved the $7.9 billion acquisition deal between Camecoand Brookfield Renewable Partners for the nuclear power plant equipment manufacturer Westinghouse Electric.
The CMA’s decision comes after an initial investigation that began in August, reported Reuters.
Read more: UK Competition Regulator Probes EV Charge-Points
The acquisition, which was initially revealed in October the previous year, has garnered attention due to a growing interest in nuclear power. This interest has emerged in response to the energy crisis in Europe and the surging prices of crude oil and natural gas.
The CMA’s review of the deal found no significant concerns that would warrant a more in-depth investigation, and as a result, they will not refer the merger for further scrutiny.
Source: Reuters
Featured News
European Music Streaming Firms Rally Against Apple’s Proposed Remedies
May 9, 2024 by
CPI
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI