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Disclaimer :
The Competition DG makes the information provided by the notifying parties in section 4 of Short 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 4
Description of the concentration
On 27 February 2024, the European Commission received notification of a proposed concentration pursuant to Article 4 of the EUMR. The notified concentration concerns an acquisition of indirect control by funds advised and/or managed by affiliates of Blackstone over Invenergy Renewables Holdings LLC (the “Target”) alongside Caisse de dépôt et placement du Québec (“CDPQ”) and Invenergy IRH Holdings LLC (“Invenergy IRH”) (who already hold joint control over the Target for EUMR purposes) (the “Transaction”).
Pursuant to the Transaction, the Target will be indirectly jointly controlled by (i) funds advised and/or managed by affiliates of Blackstone, (ii) CDPQ, and (iii) Invenergy IRH (Blackstone, CDPQ, and Invenergy IRH together, the “Notifying Parties”).
Upon completion of the Transaction, the Notifying Parties will through their affiliated entities together hold all of the equity interests of the Target.
Following the Transaction, the Notifying Parties will together indirectly hold all of the equity interests of the Target, and have the ability to indirectly jointly control the Target. Accordingly, the Transaction amounts to a concentration within the meaning of art. 3(1)(b) and 3(4) of Council Regulation (EC) No 139/2004 of 20 January 2004 (the “EUMR”).
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