16/05/2014 (Agence Europe) -Agroenergi/Neova Pellets joint venture. On Friday 16 May, the European Commission gave the go-ahead to the creation of a joint venture by Agroenergi AB, owned by Lantmännen ek för, and Neova Pellets, all of Sweden. Agroenergi and Neova Pellets produce and sell wood pellets in Sweden, Agroenergi also in Latvia. The joint venture will produce and sell wood pellets in Sweden. The Commission concluded that the proposed acquisition would not raise competition concerns, even though the joint venture will be the largest player on the Swedish market for wood pellets, as the parties will continue to face a significant number of competitors, barriers to entry are low and substantial amounts of wood pellets sold in Sweden are imported from the Baltic States and Russia. (EL)