Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 13.1.2022  
C(2022 ) 305 final  
PUBLIC VERSION  
Brookfield Asset Management Inc.  
Level 25, One Canada Square  
London E14 5AA   
United Kingdom  
 
Acek Solar Energy, S.L.  
Alfonso XII, 16   
28014 Madrid  
Spain  
 
Benjumea Family  
Gustavo Fernández Balbuena 11, 
entreplanta   
28002 Madrid  
Spain  
Subject : Case M.10552  – BROOKFIELD  / ACEK / BENJUMEA FAMILY / 
POWEN  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 13 December 2021 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which Brookfield 
Asset Management, Inc. (“Brookfield”, Canada ), Acek Desarrollo y Gestión 
Industrial, S.L. (“Acek”, Spain) and M essrs. José and Rafael Benjumea  (the 
“Benjumea Family”, Spain)  acquire within the meaning of Article 3(1)(b)  and 3(4) of 
the Merger Regulation joint control over the whole of the undertaking  Kishoa, S.L. 
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009,  the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘Community ’ by ‘Union ’ and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p . 3 (the ‘EEA Agreement ’). 

2 (“Powen”, Spain) by way of purchase of shares . Powen is currently  jointly controlled 
by Acek and the Benjumea Family .3 
2. The business activities of the undertakings concerned are:  
 for Brookfield : is a global alternative asset manager  owning and  operating assets 
with a focus on real estate, renewable power, infrastructure, private equity and 
credit , 
 for Acek : is active in steel, automotive components and renewable energy 
services on a global level,  
 for the Benjumea Family : is active through Divis adero, S.L. in, inter alia , 
direction and man agement of subsidiary companies and  acquisition and holding 
of shares in other companies,  
 for Powen : is active in the business of decentralised solar power generation for 
B2B and B2C self -consumption.  
3. After examination of the notification, the European Commission has concluded that 
the notifie d operation falls within the scope of the Merger  Regulation  and of 
paragraph 5 (c) of the Commission Notice on a simplified procedure for treatment of 
certain conce ntrations under Council Regulation (EC) No 139/2004 .4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has decided not to oppose the notified operation and to declare it 
compatible with the internal market and with t he EEA Agreement. This decision is 
adopted in application of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
                                                 
3  Publication in the Official Journal of the European Union No C 518, 22.12.2021 , p. 2. 
4  OJ C 366, 14.12.2013, p. 5 .