Economy - published on 13 April 2022
Source: European Commission Spokesperson’s Service
The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by CPP Investments of Canada and Votorantim of Brazil. The joint venture will invest in and
develop new projects and opportunities in the renewable energy sector in Brazil. CPP Investments manages and invests the assets of the Canada Pension Plan Fund. Votorantim is active in a variety of
business sectors, including cement and concrete, mining and metallurgy, concentrated orange juice, specialty chemicals, electric power generation and finance. The Commission concluded that the
proposed acquisition would raise no competition concerns, because the joint venture has no actual or foreseen activities in the European Economic Area. 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.10583.
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