EU approves CDC's acquisition of electricity operator RTE
The European Commission has approved la Caisse des dépôts et consignations' (CDC) proposition to acquire joint control of electricity transmission system operator RTE (Réseau de transport d’électricité), which manages the French electricity transmission network. It is currently exclusively controlled by Electricité de France (EDF). The Commission concluded there would be no impact on competition, despite the overlapping and vertical relationships of the businesses.
The European Commission said on March 27 that it has approved, under the EU Merger Regulation, the acquisition of joint control of electricity transmission system operator RTE (Réseau de transport d'électricité), by la Caisse des dépôts et consignations (CDC), both of which are based in France.

RTE is the owner and manager of the French electricity transmission network and is currently under the exclusive control of Electricité de France (EDF).

CDC manages various interest stakes of the Fr...