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European Commission Approves Eurowind Acquisition and Ineos-Sinopec Joint Venture

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The European Commission has cleared two major energy transactions under EU merger rules on Wednesday greenlighting joint control of Eurowind Energy and a new Ineos-Sinopec venture.

The commission cleared both deals via its simplified merger review procedure after concluding they raise no competition concerns.

The first decision greenlights the acquisition of joint control over Danish renewable developer Eurowind Energy by fellow Danish entities Norlys and EWE Holding, alongside US-based Blackstone (BX).

The transaction focuses on the development, construction, and operation of European wind and solar farms, alongside electricity wholesale and balancing services.

Simultaneously, the Commission approved a joint venture between Swiss chemical giant Ineos and China Petroleum & Chemical Corporation targeting the high-density polyethylene sector.

Given the companies' limited combined market positions and minimal economic impact within the European Economic Area, both transactions cleared regulatory hurdles without opposition, it stated.

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