Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

The Proposed Transaction refers to a proposed concentration pursuant to Article 4 of Council Regulation (EC) No. 139/2004 by which Macquarie and BCI intend to acquire joint control over Eku Energy Group Limited (the “Target”), within the meaning of article 3(1)(b) EUMR.

The business activities of the undertakings concerned are:

Macquarie is a global investment bank and financial services provider covering resources and commodities, green energy, conventional energy, financial institutions and real estate.

BCI is an agent of the Government of British Columbia in Canada, investing on behalf of public sector clients in British Columbia. BCI is a long-term investor across a range of assets classes, including fixed income, public equities, private equity, infrastructure, renewable resources, real estate and commercial mortgages.

The Target is a globally diversified and technology enabled energy storage business. Eku is based in the United Kingdom and its portfolio is centred on the development of pipeline battery storage assets in Japan, Taiwan and the United Kingdom.

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