The European Commission has cleared under the EU Merger Regulation the proposed acquisition of joint control of Corinthos Power S.A of Greece (an electricity generator) by two Greek companies, Mytilineos Holdings S.A. and Motor Oil (Hellas) Corinth Refineries S.A (MOH). The Commission’s examination of the proposed transaction showed that the horizontal and vertical relationships between the parties' activities are limited. The Commission also analysed the potential risks of the joint venture's parent companies closing off supplies of fuel or access to construction services to competing existing or potential electricity suppliers but found that this was not a risk as there are sufficient alternative competing sources of supply on the relevant upstream markets.