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, 18.1.2023  
C(2023) 590 final   
PUBLIC VERSION 
KKR & Co. Inc.  30 Hudson Yards  
New York, NY 10001  
United States of America  
 
Serentica  Renewables Private Limited 
– Mauritius  
IQ EQ Corporate Services  
(Mauritius) Ltd  
33, Edith Cavell Street  
Port Louis , 11324 
Mauritius  
Subject : Case M .11000 - KKR / SERENTICA MAURITIUS / SERENTICA 
RENEWABLES SINGAPORE JV  
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 16 Dece mber  2022, the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger Regulation, by which KKR & Co 
(“KKR”, United States) and Serentica Renewables Private Limited – Mauritius 
(“Serentica Mauritius”, Mauritius) will acquire withi n the meaning of Article  3(1)(b) 
and 3(4) of the Merger Regulation joint control of Serentica Renewables Singapore 
Private Limited (“Serentica Renewables Singapore”, Singapore) , by way of purchase 
of shares .3 
                                                 
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 487, 22.12.2022, p. 12.  

 
2 2. The business activities of the undertakings concerned  are the following:  
− KKR is a global investment firm that offers alternative asset management as 
well as capital markets and insurance solutions , 
− Serentica  Mauritius is active in the construction, development, ownership and 
operation of renewable energy projects in India . 
3. Serentica Renewables Singapore is being set up to construct, develop, own and 
operate renewable energy generation projects, utility projec ts, and energy transition 
and decarbonisation projects exclusively in India .  
4. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation  and of 
paragraph 5(a ) of the Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No  139/2004.4 
5. 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 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.