Brazil’s Administrative Council of Economic Defense (CADE) has given its approval, without restrictions, to the plan presented by Engie Brasil Energia SA to buy out local distributed generation (DG) company Solar Energía.
The transaction involves the acquisition of the remaining 50% of the company Engie Geracao Solar Distribuida SA, currently in the hands of RPF and Dual G, local rivals. After the acquisition Engie Brasil would own 100% of the shares.
CADE has determined that the transaction does not imply risks to competition, either horizontally or vertically. The company specializes in residential, commercial and industrial electric power solutions.
Full Content: Renewables Now
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Pushes Review of CoStar’s Commercial Real Estate Antitrust Case
Jan 31, 2024 by
CPI
UK’s CMA Investigates Ardonagh’s Atlanta Group and Markerstudy Merger
Jan 31, 2024 by
CPI
Greenberg Traurig Grow Financial Regulatory and Compliance Practice
Jan 31, 2024 by
CPI
Dutch Regulator Fines Uber €10 Million for Privacy Violations
Jan 31, 2024 by
CPI
DOJ Investigates AI Competition, Eyes Microsoft’s OpenAI Deal: Bloomberg
Jan 31, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – The Rule(s) of Reason
Jan 29, 2024 by
CPI
Evolving the Rule of Reason for Legacy Business Conduct
Jan 29, 2024 by
CPI
The Object Identity
Jan 29, 2024 by
CPI
In Praise of Rules-Based Antitrust
Jan 29, 2024 by
CPI
The Future of State AG Antitrust Enforcement and Federal-State Cooperation
Jan 29, 2024 by
CPI