PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2024/64 - Masdar / Terp
Acquiring
Masdar Espana Holding 2 RSC Limited
Description
It is dedicated to the promotion and operation of public utility renewable energy projects, community grid projects and energy services consultancy. Masdar operates mainly in the production of photovoltaic energy, concentrated solar energy, wind energy and energy produced from waste.
Acquired
Terp Spanish Holdco, S.L.U.
Description
It is dedicated to the exploration of renewable energy production assets, together with energy distribution and transmission assets. Currently, its main focus is the management of renewable energy generation assets in Spain and Portugal. Terp also carries out studies, consultancy, projects and research and development services related to the renewable energy sector.
Sector
  • Energy and Fuels
Activity (NACE)
  • D3511 - Production of electricity
Applicable legislation
Art. 37(1)(c) (Law 19)
Notification thresholds
Turnover threshold
Type of merger
Conglomerate
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 operation consists of the acquisition, by Masdar Espana Holding 2 RSC Limited (“Masdar”), of exclusive control of Terp Spanish Holdco, S.L.U. (“Terp”).
Timeline
2024-10-23
The AdC issued a non-opposition decision to the merger 64/2024 - Masdar / Terp.
2024-10-04
Masdar notifies the acquisition of exclusive control over Terp.
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