PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2022/2 - GRP III/IONITY
Acquiring
Global Renewbale Power Fund III SCSp
Description
It is a limited partnership established as a fund focused on global investments in climate infrastructure, in particular, renewable energy. GRP III´s investment decisions are managed by BlackRock Financial Management, Inc., a wholly owned subsidiary indirectly owned by BlackRock, Inc.
Acquired
IONITY Holding GmbH & Co KG
Description
It is a Licensed Charging Station Operator active in the sector of high power charging infrastructures accessible to the public, for battery electric vehicles along autostructures across Europe (currently present in 24 countries).
Sector
  • Transport & Infrastructure
Activity (NACE)
  • H5221 - Supporting activities  to land transportation
Applicable legislation
Art. 37(1)(a) (Law 19)
Notification thresholds
Market Share 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 notified concentration consists of the acquisition of sole control over IONITY Holding by Global Renewbale Power Fund.
Timeline
2022-02-08
The AdC issued a non-opposition decision to the merger 2/2022 - GRP III/IONITY.
2022-01-24
Global Renewbale Power Fund notifies the acquisition of sole control over IONITY Holding.
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