Mergers: EU Commission clears creation of joint venture between Daimler Truck, NextEra Energy and BlackRock


The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by Daimler Truck AG of Germany, NextEra Energy Inc. (‘NextEra’) and BlackRock Financial Management Inc. (‘BFM’), both of the US.

The joint venture will develop, construct, finance, own and operate a publicly available charging point and depot infrastructure primarily for heavy electric vehicles, and will engage as an e-mobility service provider in Canada and in the US.

Daimler Truck is active in the manufacturing and sale of trucks and buses. NextEra is an electric power and energy infrastructure company. BFM offers portfolio construction, asset management and investment advisory services. It is controlled by BlackRock Inc., which offers global investment management, risk management and advisory services.

The Commission concluded that the proposed acquisition would raise no competition concerns, given its limited impact on the market. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.10791.