Wildfire smoke can affect air quality far from fire zones, Head of Air Quality and Support tells CNA

Wildfire smoke can affect air quality even in areas far away from a fire, depending mainly on wind speed and direction, Chrysanthos Savvides, Senior Labour Inspection Officer and Head of the Air Quality and Support, told CNA on Wednesday. In serious incidents, he added, authorities do not need to wait for measurements before taking steps to protect the public.

Savvides said fires ‘by definition alter air quality’ by releasing pollutants into the atmosphere. How far these pollutants travel depends largely on weather conditions, with strong winds capable of carrying them over considerable distances, although concentrations fall as they disperse.

He said the type of pollutants released depends on what is burning, while the risk to health depends on their concentration.

‘When such an incident occurs, people should move away from the source and allow the competent authorities to do their work,’ he said.

Children, older people and those with health problems, particularly respiratory conditions, are among the most vulnerable groups, Savvides added.

Nine fixed monitoring stations in Cyprus

———-

Asked about air quality monitoring, Savvides said Cyprus operates nine fixed stations, more than required under the relevant EU Directive.

He clarified that the network is designed to monitor air quality under normal conditions rather than cover every emergency incident.

Emergency measurements are usually carried out following a request by a competent authority, such as the Fire Service, Civil Defence or a local authority. He cited a previous factory fire in Dali, when a temporary station was deployed to monitor pollution levels.

Savvides stressed that in serious incidents authorities can move people away from the affected area without waiting for measurements, as smoke is already known to impair air quality.

Measurements are particularly useful afterwards, he said, to determine whether pollutants remain in the atmosphere, how concentrations are falling and when air quality has returned to normal.

WHO warns of health risks from wildfire smoke

———-

In the meantime, the World Health Organization has warned that wildfire smoke can travel thousands of kilometres, affecting air quality and human health far from the fire itself.

In informative data published recently on its website, WHO says around 90% of the total particle mass emitted by wildfires consists of particulate matter measuring 2.5 micrometres or less (PM2.5), while smoke can also contain PM10, ultrafine particles, ozone, nitrogen dioxide, sulphur dioxide and toxic metals.

Exposure can cause headaches, eye and respiratory tract irritation, coughing, wheezing, shortness of breath and chest pain. Children, older adults, pregnant women and people with chronic lung or heart conditions are particularly vulnerable.

During heavy smoke conditions, WHO advises people to limit outdoor activity and, where possible, stay indoors with windows and doors closed. If going outside is necessary, it recommends wearing a well-fitting FFP2 or N95 mask.

Weather Temperature for Cyprus

Weather Temperature for Cyprus

Today’s weather and temperatures for Cyprus according to the Department of Meteorology

Date 12/08/2026

Station

TEMPERATURE (C) (FROM 20:00 PC of the previous one until the time of the show)

Humidity at

1200 UTC

Highest

Lowest

Nicosia (Athalassa)

40

23

20

Larnaka Airport

35

25

64

Limassol (New Port)

34

23

56

Pafos Airport

31

23

65

Frenaros

35

25

57

Prodromos

30

20

40

Polis Pafos

35

24

51

Building permit surge points to positive economic outlook, OEB and KEVE tell CNA

The sharp rise in building permits is a positive sign for Cyprus’ construction sector and the economy in general, Cyprus Employers and Industrialists Federation (OEB) and Cyprus Chamber of Commerce and Industry (KEVE) told CNA on Wednesday, while also pointing to strong demand and ongoing challenges facing the sector.

Replying to CNA questions OEB Director General Michael Antoniou highlighted labour shortages as a key constraint on the sector’s ability to meet demand, while CCCI Secretary General Philokypros Roussounides stressed the need to cut bureaucracy and speed up licensing procedures.

According to data released by the Cyprus Statistical Service on Tuesday, 2,915 building permits were issued between January and April 2026, up 35.1% from 2,157 in the same period last year. Their total value increased by 46.1%, total area by 45.5% and the number of housing units by 65%.

Antoniou said construction has traditionally been ‘one of the engines of the economy’, adding that the figures confirm that real estate remains attractive to both Cypriot and foreign investors. Strong activity in the sector, he said, also helps increase housing supply and could contribute to easing housing pressures.

He identified labour shortages as one of the sector’s main challenges, saying the workforce currently available in Cyprus is insufficient to meet demand. Procedures for securing workers should therefore be further simplified and automated, he added.

Antoniou also pointed to higher raw material, transport and energy costs, noting that construction costs have risen significantly since the COVID-19 pandemic and have come under further pressure from Russia’s invasion of Ukraine and developments in the Middle East.

Despite these pressures, he said ‘demand remains high’, linking this also to population growth and investment involving a physical presence in Cyprus. He added that lending by financial institutions remains prudent and cautious, estimating that the risk of a property ‘bubble’ is minimal to non-existent.

Roussounides, for his part, said the increase in building permits demonstrates once again the resilience of the Cypriot economy and shows that the construction industry remains on a path of recovery and growth.

He said the figures largely reflect genuine economic activity, although they should be examined in greater detail to determine whether specific investments may have affected individual periods.

Roussounides identified bureaucracy and digitalisation as major challenges, particularly in licensing, saying that a ‘more flexible, faster and more attractive’ system would further strengthen Cyprus’ appeal to investors.

On housing affordability, he said buying a home is ‘certainly not as easy as it was in previous decades’, as energy costs, raw material prices and geopolitical developments continue to feed into final prices.

Transport weight within Cyprus up by 2.3% and by 9.3% to and from Cyprus

During the period of January-March 2026, the total weight of products transported by road within Cyprus showed an increase of 2.3% compared to the corresponding period of 2025, while the weight of cargo transported by road to and from Cyprus recorded an increase of 9.3%, according to data released on Wednesday by the Statistical Service.

Specifically, during the period of January-March 2026, road freight transport within Cyprus amounted to 11,130.5 thousand tonnes, while in the corresponding period of 2025 it amounted to 10,882.1 thousand tonnes.

The road freight transport to and from Cyprus reached 11 thousand tonnes during the period of January-March 2026, compared to 10.1 thousand tonnes in the corresponding period of 2025.

Furthermore, according to the Statistical Service, road freight transport within Cyprus was 259.3 million tonne-kilometres during the period of January-March 2026, while in the corresponding period of 2025 it amounted to 270.8 million tonne-kilometres, marking a decrease of 4.2%.

Road freight transport to and from Cyprus reached 7.8 million tonne-kilometres during the period of January-March 2026, while in the corresponding period of 2025 it amounted to 10.3 million tonne-kilometres, marking a decrease of 24.3%.

Last-minute bookings boost tourism, Larnaca lags behind

Last-minute bookings have helped strengthen hotel occupancy in Limassol, Paphos and Famagusta this August, bringing performance close to or in line with last year’s levels in some districts, while Larnaca continues to record lower occupancy despite signs of improvement, local hotel association representatives have told CNA.

Last-minute bookings have helped strengthen hotel occupancy in Limassol and Paphos this August, bringing performance close to or in line with last year’s levels, while Larnaca continues to record lower occupancy despite signs of improvement, local hotel association representatives told CNA.

President of the Limassol Hoteliers Association (PASYXE), Christos Tsanos, said that expectations expressed earlier in the summer for a recovery in bookings appear to have been confirmed.

“The defining feature of this year’s season has been last-minute bookings, and developments have confirmed what we said at the end of June,” he told CNA, noting that August bookings are moving at the same level as in August 2025.

Hotel occupancy in Limassol and the surrounding district is currently around 90%, he said, adding that demand received a further boost during the week of August 10-17, largely due to bookings from the domestic market.

In late June, Tsanos had expressed optimism that the tourism market would recover following the revision of travel advisories issued by several countries after the conflict in Iran. At the time, he had said the summer months were expected to perform better than initially anticipated, while cautioning that “three good months cannot save an entire year”.

In Paphos, tourism activity is also expected to remain strong throughout August, with hotel occupancy forecast at between 85% and 90%, according to Paphos Hoteliers Association President, Euripides Loizides.

He said the August 15 holiday period is expected to be particularly busy, with increased visitor arrivals and strong demand for accommodation. The high occupancy rates confirm that August remains one of the most important months of the tourism season for the district, despite the pressures facing the wider market.

Loizides said he remained cautiously optimistic about the remainder of the month, noting that a significant share of bookings continues to be made at the last minute. He attributed this trend largely to the financial pressures facing consumers, who are delaying decisions on their holidays while searching for the best available prices.

Meanwhile, things have improved in Famagusta district. According to Famagusta Hoteliers Association President and PASYXE Vice-President, Panayiotis Constantinou, the tourism season in the Famagusta district has improved significantly after a difficult start to the year, with hotel occupancy expected to reach around 80%-85% in August.

He told CNA that tourism traffic strengthened considerably in July and August, supported mainly by visitors from the United Kingdom, Israel, Poland, Scandinavia and Central Europe, while arrivals from Switzerland and the Netherlands have declined, partly due to reduced summer flight capacity.

Prospects for September are also positive, helped by an increase in last-minute bookings, although Constantinou cautioned that ‘there is still ground that needs to be covered’. He added that if the trend continues, September could also record relatively strong occupancy levels, while it remains too early to make a reliable forecast for October.

Constantinou said some of the district’s larger hotels are considering extending their operations into November in an effort to offset losses incurred during the weaker opening months of the season. Revenue in July and August is estimated to be broadly in line with 2025 levels, and could be higher in August due to increased prices, but the sector continues to face rising operating costs.

The picture is less encouraging in Larnaca, where hotel occupancy in both July and August has fallen by around 15% compared with the corresponding period last year, according to Larnaca Hoteliers Association President, Marios Polyviou.

He said the district had been significantly affected by the conflict in the Middle East and the broader geopolitical situation, which created uncertainty in the tourism market. While the situation stabilised after the initial impact, July ended with occupancy about 15% lower than in 2025, while August began “on a subdued note,” with occupancy standing at around 75%, compared with approximately 90% during the same period last year.

Polyviou said, however, that last-minute bookings are gradually improving the outlook and expressed hope that the month would finish on a much stronger note.

He also described recent agreements signed between hotels in Larnaca and British tour operators TUI UK and Jet2 as particularly important, saying they are expected to provide a significant boost to the district’s tourism sector in the coming seasons.

Cyprus Department of Meteorology – Forecast for the Sea Area of Cyprus (?)

CYPRUS DEPARTMENT OF METEOROLOGY

FORECAST FOR THE SEA AREA OF CYPRUS (B)

FOR THE PERIOD FROM 1200 12/08/2026 UNTIL 1200 13/08/2026

Area covered is 8 kilometers seawards.

Winds are in BEAUFORT scale. Times are local times.

Atmospheric pressure at the time of issue: 1007hPa (hectopascal)

Seasonal low pressure is affecting the area. The weather will be mainly fine, but during dawn, local mist and/or locally increased low cloud coverage is likely, mainly over the southeastern coastal areas.

Visibility: Good, but moderate to poor in mist

Sea surface temperature: 29°C

Warnings: NIL

AREA PERIOD WIND STATE OF SEA

West Coast

Afternoon Southwest to Northwest 3 to 4, locally 4 to 5 Smooth to Slight, locally Slight

Night Northwest to North 3, locally at first West to Northwest 4 Smooth to Slight, locally at first Slight

Morning Southwest to West 3, gradually 3 Smooth to Slight

South Coast

Afternoon Southwest to West 4 to 5, gradually locally 5 Smooth to Slight, gradually locally Slight

Night Southwest to Northwest 3, locally at first West 3 to 4 Smooth to Slight

Morning Variable 3, gradually Southeast to Southwest 3 to 4 Smooth to Slight

East Coast

Afternoon South to Southwest 4, at times 4 to 5 Smooth to Slight

Night Southwest to Northwest 3 Smooth to Slight

Morning Variable 3, gradually Southeast to Southwest 3 to 4 Smooth to Slight

North Coast

Afternoon Southwest to Northwest 3 to 4, locally 4 Smooth to Slight

Night Southwest to West 3 to 4, gradually near the coast South to Southwest 3 Smooth to Slight

Morning Southwest to Northwest 3 to 4, initially near the coast South to Southwest 3 Smooth to Slight

Cyprus Department of Meteorology – Forecast for the Sea Area of Cyprus (C)

FOR THE PERIOD FROM 1800 12/08/2026 UNTIL 1800 13/08/2026

Atmospheric pressure at the time of issue: 1007hPa (hectopascal)

Seasonal low pressure is affecting the area. The weather will be mainly fine, but during dawn, local mist and/or locally increased low cloud coverage is likely, mainly over the southeastern coastal areas.

Visibility: Good, but moderate to poor in mist

Sea surface temperature: 29°C

Warnings: NIL

AREA

PERIOD

WIND

STATE OF SEA

West Coast

Night

Northwest to North 3, locally at first West to Northwest 4

Smooth to Slight, locally at first Slight

Morning

Southwest to West 3, gradually 3

Smooth to Slight

Afternoon

Southwest to Northwest 3 to 4, locally West 4 to 5

Smooth to Slight, locally Slight

South Coast

Night

Southwest to Northwest 3, locally at first West 3 to 4

Smooth to Slight

Morning

Variable 3, gradually Southeast to Southwest 3 to 4

Smooth to Slight

Afternoon

Southwest to West 4 to 5, locally 5

Smooth to Slight, locally Slight

East Coast

Night

Southwest to Northwest 3

Smooth to Slight

Morning

Variable 3, gradually Southeast to Southwest 3 to 4

Smooth to Slight

Afternoon

South to Southwest 4, at times 4 to 5

Smooth to Slight

North Coast

Night

Southwest to West 3 to 4, gradually near the coast South to Southwest 3

Smooth to Slight

Morning

Southwest to Northwest 3 to 4, initially near the coast South to Southwest 3

Smooth to Slight

Afternoon

Southwest to Northwest 3 to 4, locally 4 to 5

Smooth to Slight, locally Slight

Cyprus Department of Meteorology – Forecast for the Sea Area of Cyprus (?)

CYPRUS DEPARTMENT OF METEOROLOGY

FORECAST FOR THE SEA AREA OF CYPRUS (A)

FOR THE PERIOD FROM 0600 12/08/2026 UNTIL 0600 13/08/2026

Area covered is 8 kilometers seawards.

Winds are in BEAUFORT scale. Times are local times.

Atmospheric pressure at the time of issue: 1006hPa (hectopascal)

Seasonal low pressure is affecting the area. The weather will be mainly fine, but during dawn, local mist and/or locally increased low cloud coverage is likely, mainly over the southeastern coastal areas.

Visibility: Good, but moderate to poor in mist

Sea surface temperature: 29°C

Warnings: NIL

AREA PERIOD WIND STATE OF SEA

West Coast

Morning Southwest to West 3 to 4, later locally 4 Smooth to Slight

Afternoon Southwest to Northwest 3 to 4, at times locally 4 to 5 Smooth to Slight, at times locally Slight

Night Northwest 3 to 4 Smooth to Slight

South Coast

Morning Variable 3, gradually Southeast to Southwest 3 to 4 Smooth to Slight

Afternoon South to Southwest 4, at times Southwest to West 4 to 5 Smooth to Slight, at times Slight

Night Northwest 3 Smooth to Slight

East Coast

Morning Variable 3, gradually Southeast to Southwest 3 to 4 Smooth to Slight

Afternoon South to Southwest 4, at times 4 to 5 Smooth to Slight

Night Variable 3 Smooth to Slight

North Coast

Morning Southwest to Northwest 3 to 4, initially near the coast Southeast to Southwest 3 Smooth to Slight

Afternoon Southwest to Northwest 3 to 4, locally 4 Smooth to Slight, locally Slight

Night Southwest 3 Smooth to Slight

Cyprus Stock Exchange

The Cyprus Stock Exchange (CSE) All Share Index closed at today`s stock exchange meeting as follows:

MEETING DATE: 12/08/2026

INDICES BASE VALUES: FTSEMed=5000, OTHERS = 1000

EURO (pound )

TRADED VALUE 140.395,77

INDEX

VALUE

%DIFF.

VALUE

FTSE/CySE 20

188,130

0,150

115.534,240

MAIN MARKET INDEX

251,310

0,070

79.898,760

INVESTMENT COMPANIES MARKET INDEX

2.831,340

-1,340

27.229,000

CSE GENERAL INDEX

320,190

0,150

115.567,990

HOTELS INDEX

1.832,930

-0,770

133,000

ALTERNATIVE MARKET INDEX

2.162,510

0,160

50.246,130

PRESS RELEASE – EUROPEAN COMMISSION

Estonia receives first pound 351.6 million payment under SAFE defence instrument

Today, Estonia received its first payment of pound 351.6 million under the Security Action for Europe (SAFE) defence instrument, representing 15% of its total allocation of pound 2.3 billion.

SAFE is a pound 150 billion financial instrument providing loans to Member States. It primarily funds joint procurement of ammunition, missiles, air defence, and ground combat systems produced within the EU. It is part of the European Commission’s ReArm Europe/Readiness 2030 plan, which aims to unlock over pound 800 billion in defence investment across the European Union.

The pre-financing will help Estonia accelerate priority defence investments, strengthen resilience, and modernise its military capabilities in line with shared European goals. SAFE is designed to enable swift, co-ordinated action, improve the ability of European forces to work together, and strengthen Europe’s defence industry, including through joint procurement and closer cross-border co-operation.

Andrius Kubilius, Commissioner for Defence and Space said: ‘With this first SAFE payment, we are helping Estonia move quickly on key defence investments and strengthen its readiness and resilience. We are moving fast and decisively to help Member States on the EU Eastern Flank. SAFE is about enabling Member States to invest faster, procure more effectively together, and reinforce Europe’s defence industrial base.’

This pre-financing payment follows the completion of all required procedural steps and reflects the EU’s commitment to providing timely, practical support through SAFE. Further payments will follow, as agreed milestones and implementation are met.

The SAFE instrument is financed by EU borrowing on the financial markets. This enables competitively priced and attractively structured long-duration loans to requesting Member States. The terms of the SAFE loans benefit from the EU’s strong credit rating. All SAFE loans will be repaid by the beneficiary Member States.

EU provides pound 2.1 million in emergency humanitarian assistance to Colombia following earthquake

The European Commission is reacting on the immediate needs of communities in Columbia and is providing pound 2.1 million in life-saving assistance. Several provinces and cities in the central and western part of the country have been affected by a devastating 7.4 magnitude earthquake causing hundreds of casualties and extensive damage.

This funding will provide vital support to the most vulnerable. EU humanitarian partners on the ground will deliver health, water, sanitation and hygiene material, as well as shelter, food, protection and cash assistance.

EU support is already on the ground. The EU’s humanitarian partner, the German Red Cross, has already reallocated pound 100,000 from an EU-funded project to meet the immediate needs of 2,500 families affected in Choco and Valle del Cauca.

Following the activation of the EU Civil Protection Mechanism by Colombia, the EU remains in close contact with the national authorities through its Emergency Response Coordination Centre to coordinate assistance as needs evolve on the ground.

The Commission also activated the Copernicus satellite mapping service immediately after the earthquake to support rescue operations on the ground and provide initial damage assessments.

President Ursula von der Leyen said: ‘As search and rescue operations continue, the EU is supporting Colombia wherever possible. We are making pound 2 million available to support communities in the most affected areas. Following Colombia’s activation of the Civil Protection Mechanism, we are working to match aid to the needs on the ground. Esta es la solidaridad europea.’

Commissioner for Equality, Preparedness and Crisis Management, Hadja Lahbib said: ‘In this very difficult moment, our thoughts are with all those affected by the earthquake. From the very first hours, the European Union has stood alongside Colombia, supporting rapid needs assessments so that first responders and urgent humanitarian assistance can reach the hardest-hit communities. Today, we are reinforcing this effort with an additional pound 2 million in emergency support to help deliver life-saving aid where it is most needed. Colombia can count on the EU’s continued support as we remain ready to act further.’

New rules on end-of-life treatment of vehicles enter into force

Tomorrow, new rules on the design, production, collection, and end-of-life treatment of vehicles will enter into force to strengthen circularity in the automotive sector and support Europe’s strategic autonomy.

Every year, 10 to 12 million vehicles in Europe reach the end of their life and are treated as waste. End-of-life vehicles are a reliable source of valuable raw materials. So, when these vehicles are not properly managed, they can cause environmental problems, and the European economy loses millions of tonnes of materials. By fostering the recovery, reuse and recycling of steel, aluminium, copper or plastics, the End-of-Life Vehicles Regulation will enhance Europe’s resource security, reduce dependence on imported virgin materials, support industry and cut waste. It will also create new business opportunities for the whole supply chain, foster better collaboration between producers, dismantlers and recyclers, and reduce waste and environmental impacts.

Manufacturers will need to provide clear and detailed instructions for removing and replacing parts both during use and at end-of-life, ensuring easier dismantling of vehicles. The Regulation also introduces Europe’s first-ever mandatory targets for recycled plastic content in vehicles to boost demand for recycled materials. Measures encouraging reuse, remanufacturing and refurbishment will increase the availability of second-hand spare parts. Strengthened producer responsibility will ensure the proper financing of waste treatment of end-of-life vehicles and promote higher-quality recycling. In addition, only roadworthy cars will be allowed to be exported outside the EU.

Executive Vice-President for Prosperity and Industrial Strategy, Stéphane Séjourné, said: ‘The End-of-Life Vehicles Regulation is not just about waste, it is about resilience and Europe’s industrial future. It helps cut our dependencies on external suppliers, strengthens Europe’s economic security and keeps strategic resources within the EU. That is not only good environmental policy – it is hard-headed industrial policy.’

Commissioner for Environment, Water Resilience and a Competitive Circular Economy, Jessika Roswall, said: ‘The new End-of-Life Vehicles Regulation sets a new European standard for how vehicles should be designed, produced and recovered. This is about more than recycling – it is about securing critical materials and making our automotive sector truly circular. Every car that is dismantled, every tonne of steel, aluminium, copper or plastic that is recovered, is a step towards a more resilient Europe.’

Commission approves pound 75 million German State aid for new stadium in Oldenburg

The European Commission has approved, under EU State aid rules, pound 75 million German State aid for the construction and operation of a stadium in Oldenburg, Lower Saxony, with a capacity of 15,000 spectators. With this initiative, the City of Oldenburg aims to offer an attractive venue for professional football matches and other sports, as well as cultural activities. The stadium will stimulate economic activity and support sports, cultural and social activities. The beneficiary is Stadion Oldenburg GmbH and Co. KG, a company 100% owned by the City of Oldenburg. The stadium will be built by a general contractor selected through an EU-wide tender procedure.

The Commission assessed the measure under EU State aid rules, in particular Article 107(3)(c) of the Treaty on the Functioning of the European Union. The Commission found that the measure is appropriate to achieve the objectives pursued, namely to develop and operate an attractive venue for sports and cultural events in the German city of Oldenburg. In addition, the Commission found that the measure is necessary given the absence of sufficient private financing. Finally, the Commission found that the measure is proportionate, as it is limited to what is required to achieve the project’s objectives, while its effects on competition and trade between Member States remain limited. On this basis, the Commission approved the German measure under EU State aid rules.

The non-confidential version of today’s decision will be made available under the case number SA.122175 in the State Aid Register on the Commission’s competition website once any confidentiality issues have been resolved.

Commission clears acquisition of atNorth by CPPIB and Equinix

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Green DC LuxCo S.à r.l. of Luxembourg, SEKCO AB, SEKCO2AB and Green DC AB, all of Sweden, collectively referred to as ‘atNorth’, by Canada Pension Plan Investment Board (‘CPPIB’) of Canada and Equinix, Inc. of the US.

The transaction relates primarily to the supply of third-party data centre colocation services.

The Commission concluded that the notified transaction would not raise competition concerns, given its limited impact on competition in the markets where the companies are active. Specifically, the Commission found that the merged entity will continue to face competition from sufficient alternative players and that atNorth and Equinix have different focuses in the market. The notified transaction was examined under the normal merger review procedure.

More information is available on the Commission’s competition website, in the public case register under the case number M.12394.

Commission clears acquisition of RMS by Nalka

The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of RMS HoldCo AB (‘RMS’) by Nalka Invest AB (‘Nalka’, belonging to the Interogo Group), both of Sweden.

The transaction relates primarily to the repair and maintenance of motor vehicles, the retail sale of parts and accessories, and services incidental to land transportation.

The Commission concluded that the notified transaction would not raise competition concerns, given that the companies are not active in the same or vertically related markets. The notified 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.12553.

Commission clears creation of a joint venture by Atlas Holdings and KPS

The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by Atlas FRM LLC (‘Atlas Holdings’) and KPS Capital Partners, LP (‘KPS’), both of the US.

The transaction relates primarily to the manufacture of batteries and accumulators and the recovery of materials.

The Commission concluded that the notified transaction would not raise competition concerns, given that the joint venture has negligible activities in the European Economic Area and the companies’ limited combined market position resulting from the proposed transaction. The notified 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.12530.