January 19, 2021 | 12:01 am Font Size AAA THE Philippine Competition Commission (PCC) said it recently approved the acquisition by Scatec Solar ASA, a Norwegian renewable energy company, of 100% shares in SN Power AS. In an e-mailed statement, the commission said its Mergers and Acquisitions Office found that the transaction between Scatec Solar and SN Power âdoes not result in substantial lessening of competition in the nationwide markets of renewable power generation and electricity supply since there is no horizontal or vertical relationship between the acquiring entity, including its notifying group, and the acquired entity and the entities it controls.â The commission issued its decision on Jan. 14. The overall equity value was placed at $1.166 billion.