EU clears joint acquisition of Greek power plant by Qatar Petroleum

The European Commission Thursday announced that it found the acquisition of joint control over Heron II Thermoelectric Station in Viotia, Greece by Qatar Petroleum International Limited (QPI), GEK TERNA of Greece and GDF SUEZ of France to be in line with the EU Merger Regulation. QPI is a Qatar state-owned company that invests through joint-ventures in the petrochemicals, gas and power sectors. GDF SUEZ is active in electricity and natural gas. GEK TERNA is mostly active in the construction, industry, real estate and energy sectors in Greece, noted an EU Commission statement. The EU's executive body concluded that the proposed transaction would raise no competition concerns.