SEAS-NVE Holding A/S and Syd Energi Holding A/S accept fines for not notifying a merger and pre-implementation

04. July 2018

On 21 and 22 June 2018, the energy companies SEAS-NVE Holding A/S and Syd Energi Holding A/S each accepted fines of DKK 4,000,000 (€ 537,000) for infringing Section 12 b (1) and 12 c (5) of the Danish Competition Act.

The undertakings accepted the fines for not notifying a merger to the Danish Competition and Consumer Authority, when the undertakings jointly gained control over the company Clever A/S in 2012.

SEAS-NVE Holding A/S and Syd Energi Holding A/S approached the Danish Competition and Consumer Authority in August 2017 and drew attention to the merger. Shortly afterwards the Competition Authority approved the merger without restrictions.

The size of the fine reflects, among other things, that the undertakings drew attention to the merger by themselves.