Green light to the takeover of Steam Power Delta by Groupe Snef

After examining the effects of the transaction, the Autorité de la concurrence has cleared the transaction unconditionally.

During its investigation, the Autorité examined whether Groupe Snef’s acquisition of Steam Power Delta was likely to restrict competition in the electrical engineering and industrial supply markets within the nuclear sector. The Autorité found that after the transaction, Groupe Snef will continue to have competitors of similar size. It also found that Groupe Snef’s customers in the markets in question are major project owners (EDF, Orano, CEA) with strong negotiating power.

The Autorité thus ruled out any risk of the transaction having anticompetitive effects.