The Commission Strengthens EU Financial Risk Management
The European Commission announced the establishment of a Chief Risk Officer to oversee financial risks from the Unions financial operations. This new role will manage borrowing, debt management, budgetary guarantees, and asset management across the EU. Over the past five years, the EU budget has increasingly leveraged financial instruments to optimize public resource use. These measures support economic recovery and investment within member states and aid to Ukraine and neighboring countries. The independent Chief Risk Officer role fulfills recommendations from the European Court of Auditors special report on EU debt management. More details are available in the press release.
EU Eases Restrictions on Key Sectors in Syria
The EU welcomes the Councils decision to suspend certain restrictive measures related to Syria, facilitating engagement in essential sectors like energy and transport. This decision also supports financial transactions for humanitarian and reconstruction purposes. The humanitarian exemption is extended indefinitely to aid delivery in Syria, aligning with the EUs goal for political transition and economic recovery in the region. The EU remains committed to supporting Syrians, having mobilized 35.3 billion euros since 2011. Further information is available in the press release.
Commission Approves Yoko Acquisition by GreenYellow, STOA, and DEG
The European Commission approved the joint acquisition of Yoko Asset Management by GreenYellow, STOA, and DEG, focusing on electricity production in Thailand and Vietnam. The transaction poses no competition concerns within the European Economic Area. More information is available in the public case register.
Commission Clears Acquisition of Zzoomm and Full Fibre by Oaktree and Basalt
The European Commission has approved the acquisition of UK-based Zzoomm and Full Fibre by Oaktree and Basalt. The transaction focuses on the UK broadband market, with no competition concerns identified. Further details can be found in the case register.
Commission Clears Acquisition of Gigamon by Siris Capital Group and Elliott Investment Management
The European Commission approved the acquisition of Gigamon by Siris Capital Group and Elliott Investment Management. The transaction relates to enterprise application software, with no competition concerns. More information is available in the case register.
President von der Leyen Announces Strategic Dialogue on Steel
The European Commission will establish a Strategic Dialogue on Steel to support the EU steel industrys future. The initiative aims to address climate change challenges and ensure competitiveness and sustainability. A Concept Note guides these discussions.