Gaia SA Secures Approval for Acquisition of Two Northern Cape Solar Farms

The Competition Commission has approved the agreement for Gaia SA to acquire two solar energy companies, Kalkbult and Linde, without any conditions.

Upon reviewing the merger, the competition authority concluded that it will not significantly reduce competition within the solar energy market. Furthermore, there are no worries regarding public interest factors such as potential job cuts, environmental concerns, or effects on local communities.

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Gaia SA is part of a larger investment group – Gaia Renewables, listed on the Cape Town Stock Exchange, which focuses on infrastructure and agricultural investments, including solar energy.

In connection with the deal, Gaia Renewables operates an independent power producer (IPP) that generates and distributes solar PV renewable energy.

The primary target companies are independent power producers (IPPs) that are engaged in creating and supplying solar PV renewable energy.

Kalkbult and Linde are both IPPs, each operating a renewable solar PV farm situated in the Northern Cape.

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Kalkbult is currently co-owned by several parties, including Scatec Solar, Navitas KLD, IDEAS, Stanlib Infrastructure, and a community trust.

Linde is also jointly owned by Scatec Solar (via two of its local subsidiaries), Navitas KLD, IDEAS, and Stanlib Infrastructure. Neither Kalkbult nor Linde owns or operates any other companies.

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