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Document 52022M10951

Prior notification of a concentration (Case M.10951 – BMF / Uniper) Candidate case for simplified procedure (Text with EEA relevance) 2022/C 442/04


OJ C 442, 22.11.2022, p. 15–16 (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)



Official Journal of the European Union

C 442/15

Prior notification of a concentration

(Case M.10951 – BMF / Uniper)

Candidate case for simplified procedure

(Text with EEA relevance)

(2022/C 442/04)


On 11 November 2022, 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:

The German Federal Ministry of Finance (‘BMF’, Germany),

Uniper SE (‘Uniper’ Germany), controlled by Fortum Oyj (Finland).

BMF will acquire within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of Uniper.

The concentration is accomplished by way of purchase of shares.


The business activities of the undertakings concerned are the following:

BMF generates revenues mainly through the Kreditanstalt für Wiederaufbau (‘KfW’), a national promotional bank, which promotes sustainable improvement of economic, environmental and social conditions around the world, with an emphasis on the German economy. BMF has currently no activities in the energy markets,

Uniper is an energy group headquartered in Germany, which is globally active in the physical trading of natural gas and coal, as well as the generation of electricity.


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.


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.10951 – BMF / Uniper

Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:


Fax +32 22964301

Postal address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel


(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  OJ C 366, 14.12.2013, p. 5.