Prior notification of a concentration (Case M.12473 – BLACKSTONE / NORLYS / EWH / EUROWIND ENERGY) – Candidate case for simplified procedure
Date: 2026-08-11
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, electrical energy, energy production, investment company, merger control, provision of services, retail selling, solar energy, wholesale selling, wind energy








C_202604359EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2026/4359


11.8.2026






Prior notification of a concentration
(Case M.12473 – BLACKSTONE / NORLYS / EWH / EUROWIND ENERGY)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2026/4359)


1.   
On 31 July 2026, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


Blackstone Inc. (‘Blackstone’, United States),










—


Norlys a.m.b.a. (‘Norlys’, Denmark),










—


EWE Holding ApS (‘EWH’, Denmark).




Blackstone, Norlys and EWH will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Eurowind Energy A/S (‘EWE’, Denmark), currently controlled jointly by Norlys and EWH.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are the following:






—


Blackstone is a global alternative asset manager,










—


Norlys is active in production and retail sale of electricity, the provision of power-to-X solutions, and in telecommunications,










—


EWH is a holding entity for the directors and employees of EWE. It does not have any other activity.






3.   

EWE is active in the development, construction, and operation of wind and solar farms in Europe, the wholesale of electricity, the provision of electricity balancing and ancillary services, and in the development of biogas, power-to-X and battery solutions.



4.   
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.
Pursuant to the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (2), it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.


5.   
The Commission invites interested third parties to submit their possible observations on the proposed concentration to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.12473 – BLACKSTONE / NORLYS / EWH / EUROWIND ENERGY
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu

Postal address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË







(1)  
            OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  
            OJ C 160, 5.5.2023, p. 1.


ELI: http://data.europa.eu/eli/C/2026/4359/oj
ISSN 1977-091X (electronic edition)