Funds within UBS AG are proposing to indirectly purchase shares in Phoenix Wind Repower LLC, according to a notice from European Commission's Directorate General for Competition.
Phoenix Wind Repower LLC is a portfolio investment of a fund managed by Ares Management Corp. It owns and operates the 225-MW Trinity Hills, 145-MW Sherbino Mesa 2 and 60-MW Silver Star wind projects in Texas.
Financial terms of the transaction were not disclosed.
UBS AG is a unit of UBS Group AG.
