Major Stake Acquisitions: Trailblazing Renewable Energy and Iconic Snacking Brands

The CCI cleared investments in Fourth Partner Energy by IFC, ADB, and DEG, aiming to expand renewable energy assets in India. Meanwhile, Mars Inc's $35.9 billion acquisition of Kellanova marks a significant move in the global snacking and food industry. Both deals have pivotal implications for fair competition.

The Competition Commission of India (CCI) has granted approval for pivotal acquisitions impacting both the renewable energy and food sectors. The regulator gave the green light to World Bank's IFC, the Asian Development Bank, and the German government's DEG to invest in Fourth Partner Energy, a key player in India's renewable energy landscape.

This consortium will inject $275 million into Fourth Partner Energy, aiming to amplify its project capacity to 3.5 gigawatts by 2026. With the move, the investment group plans to enhance renewable energy solutions across emerging markets, enriching India's renewable infrastructure.

In another notable deal, Mars Inc, a US-based confectionery giant, received clearance to acquire leading global snacking company Kellanova for $35.9 billion. This acquisition underscores major shifts in the snacking and food industry, as Mars aims to broaden its market reach.

(With inputs from agencies.)