SN Power has investments in hydro-power businesses in the Philippines through a joint venture with Aboitiz Renewables Inc. The PCC said its Mergers and Acquisitions Office (MAO) found that the transaction does not result in substantial lessening of competition in the nationwide markets of renewable power generation and electricity supply. This is because there is no horizontal or vertical relationship between the acquiring entity, including its notifying group, and the acquired entity and the entities it controls. With the transaction’s overall equity value set at US$1.17 billion, the Scatec Solar-SN Power transaction is the first approved transaction for 2021 following the new thresholds of P50 billion (US$1 billion) under the Bayanihan II Act, and the 208