Case No: 2024FEB0008MER
| Acquiring Undertaking: | Sturdee Energy Namibia (Pty) Ltd | Date Received: | Friday, 23 Feb 2024 |
| Target Undertaking: | Greenam Electricity (Pty) Ltd | Determination: | Wednesday, 03 Apr 2024 |
| Type of Merger: | Horizontal | Analyst: | - |
Description of Activities
Description: The Commission resolved to approve without conditions the acquisition by Sturdee Energy Namibia Proprietary Limited of shares in Greenam Electricity Proprietary Limited.
The acquiring group: The acquiring group is an independent power producer (IPP) focused on developing, financing, managing, and operating renewable energy projects in Africa.
Target undertaking: The target undertaking operates two solar PVs, each producing 10 MWp.
Relevant market: The Secretariat defined the product market as the production of electricity.
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