Official Journal of the European Union

C 307/7

Prior notification of a concentration

(Case M.9523 — Munich RE/DIF/Green Investment Group/Covanta/Dublin Waste-To-Energy facility)

Candidate case for simplified procedure

(Text with EEA relevance)

(2019/C 307/06)


On 2 September 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:

Münchner Rückversicherungs-Gesellschaft Aktiengesellschaft in München (‘Munich Re’, Germany),

DIF Infrastructure V Cooperatief U.A (‘DIF’), controlled by DIF Management Holding BV (the Netherlands),

Green Investment Group Limited (‘GIG’, UK), controlled by the Macquarie Group (Australia),

Covanta Holding Corporation (‘Covanta’, USA),

Covanta Europe Assets Limited (‘Dublin Waste-to-Energy facility’, Ireland).

Munich Re, DIF, GIG and Covanta acquire within the meaning of Article 3(1)(b) of the Merger Regulation control of the Dublin Waste-to-Energy facility. The Dublin Waste-to-Energy facility is currently jointly controlled by DIF, GIG and Covanta.

The concentration is accomplished by way of purchase of shares.


The business activities of the undertakings concerned are:

Munich Re operates primarily in the reinsurance and insurance sectors,

DIF is an infrastructure investment fund,

GIG specialises in green infrastructure principal investment, project delivery and portfolio management and related services,

Covanta is primarily involved in the waste disposal and energy sectors,

The Dublin Waste-to-Energy facility is active in the disposal of waste and 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 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.9523 — Munich RE/DIF/Green Investment Group/Covanta/Dublin Waste-To-Energy facility

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


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

(2)  OJ C 366, 14.12.2013, p. 5.