PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2023/44 - Greenvolt Next / Ibérica
Acquiring
Greenvolt Next Portugal, Lda.
Description
It is part of the Greenvolt Group, which is dedicated to the development and operation, directly or indirectly, of power plants, photovoltaics and other types of production and the execution of projects related to the energy sector and the decentralized production of electricity using renewable sources.
Acquired
Ibérica Renovables, S.L.
Description
Active in the construction of photovoltaic power plants, particularly in the areas of mechanical assembly and electrical work, on a 'turnkey' basis, both in large-scale solar power plant projects (with fixed structure and/or follower), and in self-consumption (on roofs, on the ground and in car parks).
Sector
  • Extractive and manufacturing Industries
Activity (NACE)
  • C3320 - Installation of industrial machinery and equipment
Applicable legislation
Art. 37(1)(c) (Law 19)
Notification thresholds
Turnover threshold
Type of merger
Vertical
Cooperation with sector regulators
  • ERSE - Regulatory Authority for Energy Services
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

The merger in question consists of the acquisition by Greenvolt Next Portugal, Lda. (“Greenvolt Next”) of exclusive control of Ibérica Renovables, S.L. (“Ibérica”), through the purchase of stakes representing the majority of the respective share capital.
Timeline
2023-09-13
The AdC issued a non-opposition decision to the merger Greenvolt Next / Ibérica.
2023-08-10
Greenvolt Next notifies the acquisition of exclusive control over Ibérica.
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