xml version="1.0" encoding="UTF-8"?


C\_2023066EN.01001201.xml


| | | | |
| --- | --- | --- | --- |
| 23.2.2023 | EN | Official Journal of the European Union | C 66/12 |

---

Prior notification of a concentration

(Case M.11048 – MACQUARIE / BCI / EKU ENERGY)

Candidate case for simplified procedure

(Text with EEA relevance)

(2023/C 66/05)

1.

On 16 February, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 [(1)](#ntr1-C_2023066EN.01001201-E0001).

This notification concerns the following undertakings:

| | |
| --- | --- |
| — | Macquarie Group Limited (‘MGL’, Australia), |

| | |
| --- | --- |
| — | British Columbia Investment Management Corporation (‘BCI’, Canada). |

MGL and BCI will acquire within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation joint control of the whole of Eku Energy Group Limited (‘Eku Energy’, formerly registered as GIG Energy Storage UK [(2)](#ntr2-C_2023066EN.01001201-E0002), UK), currently solely controlled by MGL.

The concentration is accomplished by way of purchase of shares.

2.

The business activities of the undertakings concerned are the following:

| | |
| --- | --- |
| — | MGL is a global provider of banking, financial, investment, and fund management services, |

| | |
| --- | --- |
| — | BCI is an institutional investor, investing on behalf of public sector clients in British Columbia, including public sector pension plans, insurance, and special purpose funds. |

3.

Eku Energy is active in development, construction, and operation of battery storage assets.

4.

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 [(3)](#ntr3-C_2023066EN.01001201-E0003) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.

5.

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.11048 – MACQUARIE / BCI / EKU ENERGY

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: |
| European Commission |
| Directorate-General for Competition |
| Merger Registry |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

---

[(1)](#ntc1-C_2023066EN.01001201-E0001)  [OJ L 24, 29.1.2004, p. 1](http://publications.europa.eu/resource/oj/JOL_2004_024_R_TOC) (the ‘Merger Regulation’).

[(2)](#ntc2-C_2023066EN.01001201-E0002)  Eku Energy was formerly registered as ‘GIG Energy Storage UK’. On 29 November 2022, the name was changed to Eku Energy.

[(3)](#ntc3-C_2023066EN.01001201-E0003)  [OJ C 366, 14.12.2013, p. 5](http://publications.europa.eu/resource/oj/JOC_2013_366_R_TOC).

---