CCI approves acquisition of Fourth Partner Energy by IFC, ADB, and DEG
The Competition Commission of India (CCI) has approved the acquisition of certain shareholding in Fourth Partner Energy Private Limited (Target) by the International Finance Corporation (IFC), Asian Development Bank (ADB), and DEG – Deutsche Investitions – und Entwicklungsgesellschaft mbH (DEG). The proposed investment totals USD 275 million (approx. INR 22.96 billion), with each entity acquiring a percentage of Target’s share capital through primary subscription and secondary purchase. IFC, a World Bank Group member, supports private…