Brussels, 24 January 2025
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Connexa Limited (‘Connexa’) of New Zealand by Caisse de dépôt et placement du Québec (‘CDPQ’) and Ontario Teachers’ Pension Plan Board (‘OTTP’), both of Canada.
The transaction relates primarily to the provision of mobile telemcommunications infrastructure in New Zealand.
The Commission concluded that the notified transaction would not raise competition concerns, given the limited impact on the European Economic Area. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11836.