Fsr Energy & Climate

In this podcast, Gianni De Stefano of Hogan Lovells International LLP (Brussels) and Pierre Loaec from the European Commission discuss the Commission’s investigation into the acquisition by US-based General Electric (GE) of the energy businesses of French multinational Alstom. Valued at more than €12 billion, the deal generated considerable interest and triggered multiple merger control and foreign investment filings worldwide. In 2015, the Commission launched an in-depth investigation to assess whether the acquisition was in line with the EU Merger Regulation particularly due to concerns regarding competition in the market for heavy-duty gas turbines. Gianni de Stefano and Pierre Loaec detail the history of the case, review the conclusions of the investigation and consider the effect it had on the energy sector.