04/02/2014 (Agence Europe) - Mergers: Borealis European Holdings/First State Investments/Fortum Distribution Finland. On 4 February, the European Commission gave the go-ahead to the the acquisition of Fortum Oyj group's electricity distribution and meter leasing business of Finland, by Borealis European Holdings and First State Investments International, both of the United Kingdom. Borealis is the exclusive infrastructure manager for OMERS Administration Corporation. First State, a wholly owned subsidiary of the Commonwealth Bank of Australia, is a global asset management business. The Commission concluded that the proposed acquisition would not raise competition concerns, as there are no overlaps between the acquirers' businesses and the activity of the joint venture. (OL/transl.fl)