PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2024/7 - GVK Omega / Greenvolt
Acquired
Greenvolt - Energias Renováveis, S.A.
Description
Active in the promotion, development, operation, maintenance and management, directly or indirectly, of power plants and other facilities for the production, storage and sale of energy from renewable sources. It also carries out studies and projects related to the energy sector, as well as providing consultancy, advisory and training services related to energy, resource use, energy transition and other related services.
Acquiring
GVK Omega, SGPS Unipessoal, Lda.
Description
SPV indirectly and fully owned by investment funds, vehicle entities and/or accounts advised and managed by KKR. KKR is a global investment firm offering alternative asset management, as well as capital markets and insurance solutions. KKR sponsors investment funds that invest in private equity, credit and real estate assets and has strategic partners that manage hedge funds. In Portugal, investment funds, vehicle entities and/or accounts advised and managed by KKR invest in various sectors, through the portfolio of companies they control, including the financial, health, tourism and education sectors.
Sector
  • Energy and Fuels
Activity (NACE)
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 concentration operation in question consists of the acquisition, by GVK Omega SGPS Unipessoal, Lda. (“GVK Omega”), of exclusive control over Greenvolt – Energias Renováveis, S.A., and its subsidiaries (“Greenvolt”).
Timeline
2024-02-29
The AdC issued a non-opposition decision to the merger GVK Omega / Greenvolt.
2024-01-30
GVK Omega notifies the acquisition of exclusive control over Greenvolt.
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