The European Commission issued a Phase 1 clearance decision for the proposed merger involving CPP Investments (Canada Pension Plan Investment Board), I Squared (global infrastructure investment manager), and Inkia Energy (power generation company). The transaction was notified on March 9, 2026, and the Commission cleared it under Article 6(1)(b) on March 31, 2026. The merger covers economic activities in electricity production from renewable and non-renewable sources, electricity trading, electricity storage, and holding company activities.

The super-simplified procedure indicates the Commission found no competitive concerns requiring in-depth review. No remedies or conditions were imposed. The parties may proceed with closing the transaction subject to standard conditions. The provisional deadline for the Commission to issue a decision was April 16, 2026, which the Commission met ahead of schedule.