The Service of the Commission for the Protection of Competition received on behalf of the company Carbon Ventures Limited notification of a proposed concentration according to Section 13 of the Control of Concentrations between Enterprises Law (Number 22(I)/99), concerning the acquisition of the share capital of Carbon Acquisition Company Ltd.
Carbon Ventures Limited is a vehicle company established for the purposes of the above concentration. The aforementioned company is duly registered under the laws of Cayman islands and is wholly owned, indirectly subsidiary of Mercuria Energy Group Ltd. Mercuria Energy Group Ltd belongs to Mercuria Group of companies and it operates in a wide spectrum of global energy markets. Moreover, Mercuria also owns the MGM group of companies which is active in the identification, validation and registration of Clean Development Mechanism.
Carbon Acquisition Company Ltd is a private limited company duly registered under the laws of Jersey. The company is the mother company of EcoSecurities Group Plc which is active in carbon acquiring and also structures and guides greenhouse gas emission reduction projects.