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Image header Agence Europe
Europe Daily Bulletin No. 8989
Contents Publication in full By article 14 / 32
GENERAL NEWS / (eu) eu/competititon

12/07/2005 (Agence Europe) - The European Commission has granted clearance to the acquisition of sole control of UK undertakings Saltend Cogeneration Company Limited (Saltend) and Calpine UK Operations Limited (Calpine) by IPM Eagle LLP (IPM Eagle) of the UK, jointly controlled by International Power plc (IPR) of the UK and Mitsui & Co., Ltd. (Mitsui) of Japan.. IPM Eagle currently holds interests in two electricity generation plants in the UK. IPR is an electricity generating company with power plants in the UK, Portugal, the Czech Republic, the US, Asia and the Middle East. Mitsui is a trading company engaged in worldwide commodity businesses, including power and energy-related products. Mitsui does not have any interests in electricity generation within the EEA. Saltend and Calpine currently belong to Calpine UK Holdings Limited. IPM will invest £ 150 million for a 70% share and Mitsui will invest £ 65 million for 30% of the shares. The operation was examined under the simplified merger review procedure.

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