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Brazil: CADE gives Engie green light to take over Solar energy company

 |  July 23, 2018

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

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