In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201coperation summary\u201d below, containing the information provided by the parties.<\/p>\n
This information was prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.<\/p>\n
The publication of this statement does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 adopted for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.<\/p>\n
Names of the companies and groups concerned:<\/strong><\/p>\n Nature of the operation<\/strong><\/p>\n Economic sectors concerned<\/strong><\/p>\n Deadline for interested third parties to submit their observations<\/strong><\/p>\n NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES<\/strong><\/p>\n The Competition Council received notification of an economic concentration operation concerning the acquisition by the company \u201cEarth LuxCo, S\u00e0rl<\/em>\u201d and the company \u201cIgnis Energy Holdings, SL\u201d of joint control of the company \u201cGlobal Moraban SL\u201d, through the acquisition of 50% of its share capital and related voting rights.<\/p>\n Earth LuxCo, S\u00e0rl<\/strong> is a Luxembourg limited liability company, a acquisition vehicle with no prior commercial activities, created for the purpose of the proposed operation. It is indirectly and exclusively owned by the company \u201cKKR\u201d.<\/p>\n Ignis Energy Holdings, SL<\/strong>, is a Spanish limited liability company. It is an investor and developer specializing in the energy sector, particularly in the development and financing of renewable energy production facilities.<\/p>\n Global Moraban SL<\/strong> \u201cP2X HoldCo\u201d is a Spanish limited liability company that is not operational and was specifically established for the proposed operation. The company will develop green hydrogen, ammonia, e-methanol, e-fuels, and sustainable aviation fuels production plants for companies active in refining, steel, chemicals, fertilizers, among other sectors, as well as traditional renewable energies, mainly wind and solar, associated with hydrogen and ammonia projects.<\/p>\n <\/p>\n Done in Rabat, July 22, 2024<\/p>\n","protected":false},"excerpt":{"rendered":" In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201coperation summary\u201d below, containing the information provided by the parties. This information was prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation. The publication of this statement does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 adopted for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented. Names of the companies and groups concerned: Acquirer No. 1: The company \u201cEarth LuxCo, S.\u00e0.r.l.\u201d; Acquirer No. 2: The company \u201cIgnis Energy Holdings, S.L.\u201d; The target: The company \u201cGlobal Moraban S.L.\u201d. Nature of the operation Takeover Economic sectors concerned Renewable energy sector Deadline for interested third parties to submit their observations 10 days from the date of publication of this statement, i.e. August 2, 2024 NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council received notification of an economic concentration operation concerning the acquisition by the company \u201cEarth LuxCo, S\u00e0rl\u201d and the company \u201cIgnis Energy Holdings, SL\u201d of joint control of the company \u201cGlobal Moraban SL\u201d, through the acquisition of 50% of its share capital and related voting rights. Earth LuxCo, S\u00e0rl is a Luxembourg limited liability company, a acquisition vehicle with no prior commercial activities, created for the purpose of the proposed operation. It is indirectly and exclusively owned by the company \u201cKKR\u201d. Ignis Energy Holdings, SL, is a Spanish limited liability company. It is an investor and developer specializing in the energy sector, particularly in the development and financing of renewable energy production facilities. Global Moraban SL \u201cP2X HoldCo\u201d is a Spanish limited liability company that is not operational and was specifically established for the proposed operation. The company will develop green hydrogen, ammonia, e-methanol, e-fuels, and sustainable aviation fuels production plants for companies active in refining, steel, chemicals, fertilizers, among other sectors, as well as traditional renewable energies, mainly wind and solar, associated with hydrogen and ammonia projects. Done in Rabat, July 22, 2024<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[352],"tags":[],"class_list":["post-40881","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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