Prior notification of a concentration

(Case M.9627 — APG/Elecnor/CC&I)

Candidate case for simplified procedure

(Text with EEA relevance)

(2019/C 402/09)

On 20 November 2019, 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:

—	APG Asset Management N.V. (‘APG’, Netherlands), part of the APG Group N.V.,

—	Grupo Elecnor S.A. (‘Elecnor’, Spain),

—	Celeo Concesiones e Inversiones S.L. (‘CC&I’ or the ‘JV’, Spain), currently part of Grupo Elecnor.

APG and Elecnor acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of CC&I. The concentration is accomplished by way of purchase of shares.

The business activities of the undertakings concerned are:

—	for APG: APG carries out executive consultancy, asset management, pension administration and communication for pension funds in the field of collective pensions,

—	for Elecnor: Elecnor carries out engineering, construction and services projects in areas including electricity, power generation, gas, telecommunications and railways. Elecnor is also active in wind and solar power generation,

—

for CC&I: CC&I manages Elecnor’s investment in power transmission projects and as principal concessionaire with concessions in Brazil and Chile, delevops and manages photovoltaic and thermoelectric electricity generation in Spain and is active in generation and wholesale supply of electricity. Post-transaction, CC&I will serve as joint platform to develop and manage energy transmission infrastructure projects and renewable energy projects (except for wind renewable energy projects), mainly in Chile, Brazil and Spain.

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 the 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.9627 — APG/Elecnor/CC&I

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

Email: COMP-MERGER-REGISTRY@ec.europa.eu

Fax +32 22964301

Postal address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

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

(2) OJ C 366, 14.12.2013, p. 5.