The Slovenian investment fund Advance Capital Partners (ACP) has formed a strategic partnership with Stjepan Talan and Solvis, with ACP set to become a 60% owner of Solvis pending approval from competition authorities.

This change will transition Solvis from sole control by Stjepan Talan to joint control by ACP and Stjepan Talan, impacting markets for photovoltaic panels, solar power plant services, and electricity production in Croatia and EU member states.

The concentration does not raise anticompetitive concerns as there is no horizontal or vertical overlap between the parties involved, leading the Croatian Competition Agency to clear the transaction without further assessment.

By investing in Solvis, ACP aims to support the company's growth in the solar industry, enhancing energy efficiency and facilitating the adoption of solar panels by households and businesses.

The approval indicates that the transaction is unlikely to harm competition by creating or strengthening a dominant market position, resulting in the clearance of the concentration in the initial phase under the Competition Act.