EU Approves Joint Venture Between Eni and Khazna Data Center Holdings
The European Commission has authorized a joint venture between Eni and Khazna Data Center Holdings focused on data center operations. This approval reflects the limited market positions of both companies, ensuring no significant competition concerns arise from this partnership.
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The European Commission has cleared the establishment of a joint venture between Eni, an Italian energy company, and Khazna Data Center Holdings of the United Arab Emirates. The joint venture will focus on the construction, management, and operation of data centers, a critical infrastructure sector due to increasing demand for data processing and storage capacity.
The Commission determined that the combined market presence of Eni and Khazna is limited, thus posing no significant competitive threats. This project was reviewed under the EU's simplified merger control procedure, facilitating the establishment of this collaboration.
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