ACWA Power files with Kuwait’s CPA to acquire 3 firms

Logo of ACWA Power Co.

Kuwait’s Competition Protection Agency (CPA) received a request from ACWA Power Co., AZN Dutch Holdco No.1 B.V Co., AZN Dutch Holdco No.2 B.V Co., and AZN O&M Co. W.L.L to approve their economic concentration transaction.

In a statement, the agency said ACWA Power filed for acquiring 100% of AZN Dutch Holdco No.1 B.V and AZN Dutch Holdco No.2 B.V, in addition to 50% of AZN O&M, which are owned by Kahrabil Company (MMH).

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AZN Dutch Holdco No.1 B.V and AZN Dutch Holdco No.2 B.V are holding companies, while AZN O&M is active in the operation, supply, development and maintenance of electrical energy and desalinated drinking water, according to the statement.