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, 7.2.2022  
C(2022 ) 835 final  
PUBLIC VERSION  
Ontario Teachers’ Pension Plan Board  
5650 Yonge Street   
M2M 4H5  Toronto , Ontario  
Canada  
 
KKR & Co. Inc.  
30 Hudson Yards   
NY, 10001  New York  
United States of America  
Subject : Case M. 10596  – OTPP / KKR / GREENCOLLAR  
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 14 January 2022 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which Ontario 
Teachers’ Pension Plan Board (“OTPP”, Canada)  and KKR & Co. Inc. ( together wi th 
its affiliates, “KKR”, United States)  acquire withi n the meaning of Article 3(1)(b) and 
Article 3(4) of the Merger Regulation joint control over the whole of Green Climate 
Co Pty Ltd (“GreenCollar”, Australia)  by way of purchase of shares .3 
2. The business activities of the undertakings concerned are:  
 OTPP is  a corporation without share capital incorporated under the Teachers’ 
Pension Act (Ontario). OTPP is concerned with the administration of pension 
benefits and the investment of pension plan assets on behalf of approximately 
331000 active and retired teache rs in the Canadian province of Ontario , 
                                                 
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 ’). 
3  Publication in the Official Journal of the European Union No C 38I, 25.1.2022 , p. 3-4. 

2  KKR is a global investment firm that offers alternative asset management and 
capital markets and insurance solutions , 
 GreenCollar is an environmental platform and project developer in Australia 
(specialising in natur e based projects).  
3. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragr aph 5 (a) of the Co mmission Notice on a simplified procedure for treatme nt of 
certain concentrations 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 interna l market and with the 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  
                                                 
4  OJ C 366, 14.12.2013, p. 5 .