Press Release: Mergers: Commission clears acquisition of Japan Renewable Energy by Colindale and Goldman Sachs

The European Commission has approved under the EU Merger Regulation the acquisition of joint control over Japan Renewable Energy Corporation (JRE) of Japan by Colindale Investment Private Limited, indirectly controlled by GIC Private Limited both of Singapore, and The Goldman Sachs Group, Inc. of the US. JRE is a developer, owner and operator of renewable energy projects in Japan. Colindale is an investment vehicle of GIC which manages a diversified global portfolio of investments in private equity, venture capital and infrastructure funds, as well as direct investments in private companies. Goldman Sachs is a global investment banking, securities and investment management firm. The Commission concluded that the proposed acquisition would raise no competition concerns as JRE is active only in Japan. The 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.8596(For more information: Ricardo Cardoso – Tel.: +32 229 80100; Maria Sarantopoulou – Tel.: +32 229 13740)

Source: European Commission

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