+
CCI Okays IFC, ADB, and DEG Stake Acquisition in Fourth Partner Energy
POWER & RENEWABLE ENERGY

CCI Okays IFC, ADB, and DEG Stake Acquisition in Fourth Partner Energy

The Competition Commission of India (CCI) has approved a proposal by the International Finance Corporation (IFC), the Asian Development Bank (ADB), and Germany's DEG to acquire a stake in Fourth Partner Energy Pvt Ltd (FPEL). IFC, part of the World Bank Group, is a leading global development institution focused on private-sector growth in emerging markets. The regulator announced its decision on social media, stating, "Commission approves the acquisition of certain shareholding of Fourth Partner Energy Pvt Ltd jointly by IFC, ADB, and DEG." Fourth Partner Energy is one of India's top renewable energy companies, specialising in the development and financing of renewable energy projects. Earlier in August, IFC, ADB, and DEG collectively committed an investment of $275 million into FPEL to support the company's expansion. The funds will be used to help FPEL achieve its goal of building a 3.5 GW renewable energy portfolio by 2026. DEG, which focuses on financing private enterprises in developing countries, emphasised its mandate to promote sustainable development. In a separate decision, CCI also approved the acquisition of Kellanova's equity shares by US-based Mars Inc., known for its snacking, food, and pet care products. Kellanova, a global leader in snacking, cereals, and frozen foods, owns iconic brands like Pringles, Pop-Tarts, and Kellogg's. The $35.9 billion acquisition deal between Mars and Kellanova, announced in August, reflects Mars’ strategic expansion into global snacking and food markets. CCI's approval was required as the deals surpassed regulatory thresholds aimed at ensuring fair competition and monitoring market practices.

(ET)

The Competition Commission of India (CCI) has approved a proposal by the International Finance Corporation (IFC), the Asian Development Bank (ADB), and Germany's DEG to acquire a stake in Fourth Partner Energy Pvt Ltd (FPEL). IFC, part of the World Bank Group, is a leading global development institution focused on private-sector growth in emerging markets. The regulator announced its decision on social media, stating, Commission approves the acquisition of certain shareholding of Fourth Partner Energy Pvt Ltd jointly by IFC, ADB, and DEG. Fourth Partner Energy is one of India's top renewable energy companies, specialising in the development and financing of renewable energy projects. Earlier in August, IFC, ADB, and DEG collectively committed an investment of $275 million into FPEL to support the company's expansion. The funds will be used to help FPEL achieve its goal of building a 3.5 GW renewable energy portfolio by 2026. DEG, which focuses on financing private enterprises in developing countries, emphasised its mandate to promote sustainable development. In a separate decision, CCI also approved the acquisition of Kellanova's equity shares by US-based Mars Inc., known for its snacking, food, and pet care products. Kellanova, a global leader in snacking, cereals, and frozen foods, owns iconic brands like Pringles, Pop-Tarts, and Kellogg's. The $35.9 billion acquisition deal between Mars and Kellanova, announced in August, reflects Mars’ strategic expansion into global snacking and food markets. CCI's approval was required as the deals surpassed regulatory thresholds aimed at ensuring fair competition and monitoring market practices. (ET)

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code