32017M8700

EUROPEAN COMMISSION

Brussels, 7.12.2017

C(2017) 8527 final

PUBLIC VERSION

To the notifying parties

Subject:Case M.8700 - ENGIE / OMNES CAPITAL / PREDICA PREVOYANCE / TARGET
Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004 1 and Article 57 of the Agreement on the European Economic Area 2

Dear Sir or Madam,

1.On 15 November 2017, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which Engie S.A. (‘Engie’, France), Omnes Capital (France) and Prédica Prévoyance Dialogue du Crédit Agricole (‘Predica’, France), ultimately controlled by Groupe Crédit Agricole ('GCA', France), acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control over 11 photovoltaic plants and 32 wind farms ('Target', France) by way of purchase of shares. 3

2.The business activities of the undertakings concerned are:

– for Engie: active across the entire energy-value chain in the fields of gas, electricity and energy services,

– for Omnes Capital: independent asset management company active in several branches of private equity, notably in the renewable energy sector,

– for Predica: active in the insurance sector, Prédica belongs to GCA that offers a broad range of banking and insurance services,

– for Target: 11 photovoltaic plants and 32 wind farms active in the generation of electricity in France.

3.After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5(c) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004. 4

4.For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of the EEA Agreement.

For the Commission

(Signed)
Johannes LAITENBERGER
Director-General

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