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Document 52023M11175
Prior notification of a concentration (Case M.11175 – IBERDROLA / GIC / NEOENERGIA TRANSMISSORA) Candidate case for simplified procedure (Text with EEA relevance) 2023/C 234/04
Prior notification of a concentration (Case M.11175 – IBERDROLA / GIC / NEOENERGIA TRANSMISSORA) Candidate case for simplified procedure (Text with EEA relevance) 2023/C 234/04
Prior notification of a concentration (Case M.11175 – IBERDROLA / GIC / NEOENERGIA TRANSMISSORA) Candidate case for simplified procedure (Text with EEA relevance) 2023/C 234/04
PUB/2023/770
OJ C 234, 3.7.2023, pp. 6–7
(BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
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3.7.2023 |
EN |
Official Journal of the European Union |
C 234/6 |
Prior notification of a concentration
(Case M.11175 – IBERDROLA / GIC / NEOENERGIA TRANSMISSORA)
Candidate case for simplified procedure
(Text with EEA relevance)
(2023/C 234/04)
1.
On 21 June 2023, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).This notification concerns the following undertakings:
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Iberdrola S.A. (‘Iberdrola’) and its solely controlled subsidiary, Neoenergia (Spain). |
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GIC (Ventures) Pte Ltd (‘GIC’) (Singapore) and its solely controlled subsidiary, Warrington |
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Neoenergia Transmissora (Brazil), a company currently solely controlled by Neoenergia (Spain). |
Iberdrola and GIC will indirectly acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Neoenergia Transmissora, currently solely controlled indirectly by Iberdrola.
The concentration is accomplished by way of purchase of shares.
2.
The business activities of the undertakings concerned are the following:|
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Iberdrola is active in the generation, transmission, commercialization, and distribution of electricicty in Spain, Brazil and worldwide. Neoenergia is active in the generation, transmission, commercialization, and distribution of electricity in Brazil. |
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GIC is active, through GIC Special Investments Pte Ltd (‘GICSI’), in the management of a diversified global portfolio of investments in private equity, venture capital and infrastructure as well as direct investment in private companies. Warrington is a nominated investment vehicle of GICSI. |
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Neoenergia Transmissora is active in the transmission of electricity in Brazil. |
3.
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.
4.
The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.11175 – IBERDROLA / GIC / NEOENERGIA TRANSMISSORA
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu
Postal address:
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European Commission |
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Directorate-General for Competition |
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Merger Registry |
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1049 Bruxelles/Brussel |
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BELGIQUE/BELGIË |
(1) OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).