Non-opposition to EPH/TTE/EFG concentration (Case M.12302)

EC State Aid Cases

Published March 30th, 2026

Detected March 30th, 2026

Summary

The European Commission issued a non-opposition decision for Case M.12302 involving EPH, TTE, and EFG. The notified concentration was cleared without commitments or further investigation, indicating the Commission found no competition concerns. This is a standard Phase I merger clearance under EU competition rules.

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What changed

The European Commission issued a non-opposition decision clearing the notified concentration involving EPH, TTE, and EFG under Case M.12302. The Commission's decision (reference C/2026/2089) published in the Official Journal confirms that the concentration does not raise competition concerns requiring Phase II investigation or remedial measures. The parties involved may proceed with their proposed transaction.

No compliance actions are required from the parties. The merger has received unconditional clearance and the transaction can proceed to completion. Other market participants operating in the energy sector should note this decision as part of ongoing monitoring of market consolidation trends under EU merger control.

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Non-opposition to a notified concentration (Case M.12302 – EPH / TTE / EFG)

C/2026/2089

OJ C, C/2026/1930, 30.3.2026, ELI: http://data.europa.eu/eli/C/2026/1930/oj (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

ELI: http://data.europa.eu/eli/C/2026/1930/oj

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| | Official Journal
of the European Union | EN

C series |

| | C/2026/1930 | 30.3.2026 |
Non-opposition to a notified concentration

(Case M.12302 – EPH / TTE / EFG)

(Text with EEA relevance)

(C/2026/1930)

On 24 March 2026, the Commission decided not to oppose the above notified concentration and to declare it compatible with the internal market. This decision is based on Article 6(1)(b) of Council Regulation (EC) No 139/2004 (1). The full text of the decision is available only in English and will be made public after it is cleared of any business secrets it may contain. It will be available:

| — | in the merger section of the ‘Competition policy’ website of the Commission (https://competition-cases.ec.europa.eu/search). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes, |

| — | in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32026M12302. EUR-Lex is the online point of access to European Union law. |
(1) OJ L 24, 29.1.2004, p. 1.

ELI: http://data.europa.eu/eli/C/2026/1930/oj

ISSN 1977-091X (electronic edition)

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