The European Commission has closed its review of the Brookfield/Oaktree case (FS.100301) concerning foreign subsidies. The decision, dated March 17, 2026, marks the expiration of the provisional deadline and the suspension period under the Foreign Subsidies Regulation (FSR). This indicates that the EC has concluded its assessment of the potential impact of foreign subsidies on the concentration.

While the specific outcome or any conditions imposed are not detailed in this brief notice, the expiration of the suspension period suggests that Brookfield and Oaktree can proceed with their transaction as planned, or that any identified issues have been resolved. Companies involved in M&A activities within the EU, particularly those receiving financial contributions from non-EU governments, should note the FSR's procedural timelines and the EC's role in assessing such subsidies.