Brussels, 10 October 2023
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Zenobe Energy Limited by Infracapital Greenfield Partners II (Sterling) SCSp (‘Infracapital’), both of the UK, and KKR & Co. Inc. of the US.
The transaction relates primarily to the market for fleet electrification, including the provision of charging infrastructure, battery replacement and software solutions.
The Commission concluded that the notified transaction would not raise competition concerns, given that the companies are not active in the same or vertically related markets. 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.11297.
Source – EU Commission