CCI clears Johnson Controls’ power solutions biz acquisition by Brookfield, CDPQ
NEW DELHI: The Competition Commission of India (CCI) Wednesday said it has approved the $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”.
