Prior notification of a concentration (Case M.11000 – KKR / SERENTICA MAURITIUS / SERENTICA RENEWABLES SINGAPORE JV) Candidate case for simplified procedure (Text with EEA relevance) 2022/C 487/08
Date: 2022-12-22
Institutions: Directorate-General for Competition, European Commission
Subjects: India, carbon neutrality, economic concentration, electrical energy, electricity supply, energy distribution, energy production, investment company, merger control, renewable energy








C_2022487EN.01001201.xml










22.12.2022   


EN


Official Journal of the European Union


C 487/12






Prior notification of a concentration
(Case M.11000 – KKR / SERENTICA MAURITIUS / SERENTICA RENEWABLES SINGAPORE JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(2022/C 487/08)

1.   
On 16 December 2022, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


KKR & Co (‘KKR’, United States),










—


Serentica Renewables Private Limited – Mauritius (‘Serentica Mauritius’, Mauritius), ultimately owned by Volcan Investments Limited,










—


Serentica Renewables Singapore Private Limited (‘Serentica Renewables Singapore’, Singapore).




KKR and Serentica Mauritius will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Serentica Renewables Singapore.
The concentration is accomplished by way of purchase of shares.


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 projects, and energy transition and decarbonisation projects exclusively in India.



4.   
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.
Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.


5.   
The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.11000 – KKR / SERENTICA MAURITIUS / SERENTICA RENEWABLES SINGAPORE JV
Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu
Fax +32 22964301
Postal address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË







(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  OJ C 366, 14.12.2013, p. 5.