EU and the UK
date: 01/11/2019
Twelve UK interconnectors with the European energy grid among the new energy projects of common interest
On 31 October, the European Commission adopted the fourth list of projects of common interest (PCI) for a connected European energy grid. It includes 12 projects for interconnectors linking UK infrastructure with the European energy grind in France, Ireland, Norway, Denmark and Belgium. PCIs are cross border infrastructure projects that link the energy systems of EU member states, intended to help the EU achieve its energy policy and climate objectives: affordable, secure and sustainable energy for all citizens, as well as the long-term decarbonisation of the economy
4th list of projects of common interest
European Commission clears acquisition of Cobham by Advent
On 29 October, the European Commission approved, under the EU Merger Regulation, the acquisition of sole control of Cobham plc of the UK by Advent International Corporation (“Advent”) of the US. Cobham is a provider of technology and services for the defence, aerospace and space industries. Advent is a global private equity investor, focused on investments in various sectors, including industrial, retail, media, communications, information technology, internet, healthcare and pharmaceuticals. The Commission concluded that the proposed acquisition would raise no competition concerns because the companies are active on different product markets and have minor vertical overlaps.
Latest news on the Article 50 negotiations can be found here