CCI clears Johnson Controls’ power solutions biz acquisition by Brookfield, CDPQ


CCI clears Johnson Controls’ power solutions biz acquisition by Brookfield, CDPQ

The Competition Commission of India (CCI) Wednesday said it has approved the USD 13.2-billion deal to acquire global power solutions business of Johnson Controls International by Brookfield and CDPQ.

The deal, which was finalised in November 2018, involves selling of automotive battery-making business of Johnson Controls to Brookfield, CDPQ Fund and CDP.

The CCI in a tweet said it “approves acquisition of the global power solutions business of Johnson Controls International by Brookfield and CDPQ”. Read More

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