From pv magazine Global
The European Commission is examining whether the proposed acquisition of French solar developer RedEn should fall within the scope of its merger regulations.
The EU executive has called for interested parties to submit their thoughts on the proposed €2.5 billion acquisition of the solar company by Australian investor Macquarie Group and Canada’s British Columbia Investment Management Corp.
pv magazine reported in March that the MEAG Munich Ergo AssetManagement division of German reinsurance giant Munich Re is also involved in the Macquarie consortium bid to acquire RedEn.
The developer was formed in 2017 when the solar projects of PV module manufacturer Fonroche Énergie were acquired by French private equity groups InfraVia and Eurazeo. French energy company TotalEnergies was reportedly beaten to the acquisition by the Macquarie bid.
Submissions on the proposed takeover must be submitted to the European Commission by April 23.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.