M/14/010 – Irish Wind / SWS
Transaction details
The proposed acquisition of sole control of SWS Natural Resources Holdings Limited by BIF II Irish Wind Limited has been cleared by the Competition Authority.
| Notification date | Decision date |
|---|---|
| Tuesday March 25, 2014 | Thursday, April 17, 2014 |
| Parties Involved | Business activities |
|---|---|
| BIF II Irish Wind Limited | BIF II Irish Wind Limited is a s special purpose vehicle formed for the purposes of acquiring SWS Natural Resources Holdings Limited. Irish Wind is owned by Brookfield Renewable Energy LP (BRELP) and BIF II ENA AIV (Cayman) (BIF). Both BRELP and BIF are controlled by Brookfield Asset Management Inc. (BAM). BAM's assets are largely concentrated in the property, renewable power generation, infrastructure and private equity sectors. |
| SWS Natural Resources Holdings Limited | SWS Natural Resources Holdings Limited consists of the renewable business assets and liabilities of Bord Gáis Eireann which were transferred to SWS in accordance with two statutory transfer plans (relating to Irish renewable business assets and liabilities) and a transfer deed (relating to non-Irish renewable business assets and liabilities). |
| Economic sector | Media merger |
|---|---|
| The industry sector involved is the renewable energy sector. | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Monday, April 7, 2014 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Andrew Rae | Tel: 01-804 5420, e-mail: ar@tca.ie |
Media enquiries: MKC Communications: 01 7038600
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