The European Commission has cleared under the EU Merger Regulation the acquisition of joint control of Brasol Participações e Empreendimentos (Brasol) in Brazil, by BlackRock Financial Management of the USA and Siemens Participações of Brazil.

The transaction mainly concerns the power generation sector, in particular the development and management of energy-related projects in Brazil.

The Commission concluded that the transaction would not raise competition concerns, given its limited impact in the European Economic Area.

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