FAIR COMPETITION

NOTIFICATION REGARDING THE INTENTION OF GENERAL ATLANTIC L.P.,ARCH ARPF GLP HOLDCO AND PRUDENTIAL CREDIT OPPORTUNITIES
SCSP TO ACQUIRE INDIRECT CONTROL OF GREENLIGHT PLANET
TANZANIA THROUGH ACQUISITION OF SHARES IN GREENLIGHT PLANET
INCORPORATED

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PUBLIC NOTICE
(Made under Section 65 (2) (g) of the Fair Competition Act No. 8 of 2003 and
Rules 41 (6), 42 (5) and 49 of the Competition Rules, 2018)
The Fair Competition Commission (FCC) is an independent statutory body
established under section 62 of the Fair Competition Act No. 8 of 2003 (FCA)
with the object of enhancing the welfare of the people of Tanzania by promoting
and protecting effective competition in markets and preventing unfair and
misleading market conducts throughout Mainland Tanzania.
Pursuant to Section 65 (2) (g) of FCA read together with Rules 41 (6), 42 (5) and
49 of the Competition Rules, FCC is mandated to investigate, inter alia, entry into
and exit from markets. Pursuant to Rule 33 of the Competition Rules, 2018; FCC
has RECEIVED a merger application notification by General Atlantic L.P.,
ARCH ARPF GLP Holdco and Prudential Credit Opportunities SCSP (The
Acquiring firms) to acquire shares in Greenlight Planet Incorporated (Target
firm).
General Atlantic L.P. is a limited partnership incorporated in Delaware. It is a
newly incorporated special purpose vehicle controlled by General Atlantic, a
private equity firm headquartered in USA. General Atlantic provides capital and
strategic support for growth companies. It does not conduct any business activity
in Tanzania.
ARCH ARPF GLP Holdco is a company incorporated under the laws of Mauritius.
It does not conduct any business activity in Tanzania. It is whole owned by
ARCH ARPF Off-Grid Holdco.
Prudential Credit Opportunities SCSP is a private limited company incorporated
in Luxembourg. It is an investment fund of M&G Investments which is a part of
M&G Plc, a company listed on the London Stock Exchange (LSE). Prudential
Credit Opportunities SCSP does not conduct any business activity in Tanzania.
Greenlight Planet Incorporated is a company incorporated under the laws of
Delaware. It focuses on designing and distribution of solar home solutions for
local populations with limited access to the electricity grid. In Tanzania, It
operates through its indirect subsidiary Greenlight Planet Tanzania.
Greenlight Planet Tanzania is a company incorporated under the laws of
Tanzania. It provides solar energy products including solar lamps and home
energy systems under its Sun KingTM brand.
General Atlantic L.P., ARCH ARPF GLP Holdco, Prudential Credit Opportunities
SCSP and Greenlight Planet Incorporated shall be referred to as the merging
firms.
Based on the Stock Purchase Agreement (SPA) dated 20th December 2021
signed by merging firms, the Acquiring firms have expressed their intention to
acquire shares in the Target firm.
Pursuant to Rules 35, 36, 37, 38, 39, 40 and 42 of the Competition Rules, 2018;
FCC has BEGUN THE REVIEW AND INVESTIGATION of the intended
acquisition with a view to examine whether it is likely to harm competition.
Pursuant to Rule 49 read together with Rule 41(6) of the Competition Rules,
2018, parties, both legal and natural (Petitioners) who deem themselves as
having sufficient interest in this merger, or, if the merger is not objected to, it will
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have or is likely to have a material effect on their interests, are invited to submit
their interests, objections or information (Petition).
The Petitioners are hereby NOTIFIED to submit their Petitions with a view to
assist FCC in reaching just and reasonable decision with regard to the intended
merger.
All such Petitioners, shall NOTIFY by way of written submissions to FCC within
FOURTEEN (14) days from the first day of publication of this Public Notice.
Submissions filed after the said deadline shall not be accepted.
Submission of the said Petition should be accompanied by a duly filled-in Form
FCC. 10 (Notice of Intention to Participate found in the First Schedule of the
Competition Rules, 2018). Failure to fill-in Form FCC. 10 will deny such Petitioner
the right to make any oral submissions before FCC and their status in the
proceedings shall be deemed to be that of an observer only.
Petitioners should take note that pursuant to Rule 10 (5) of the Competition
Rules, 2018 as applied to this Public Notice, FCC shall not entertain a subject of
the petition where: (a) it does not fall under FCA (b) it has no material effect on
competition; and (c) the same in whole or in part is before any court, tribunal,
arbitration, judicial or quasi–judicial body.
Submissions must be submitted to FCC at the address below.

Director General,
Fair Competition Commission,
PSSSF Building, 6th Floor, Makole Road,
P. O. Box 2351
DODOMA.
Tel: +255 262329086/87/88
E-mail: [email protected]

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