# C_2023344EN.01022901.xml

| 29.9.2023 | EN | Official Journal of the European Union | C 344/229 |
| --- | --- | --- | --- |

29.9.2023

EN

Official Journal of the European Union

C 344/229

---

Prior notification of a concentration

(Case M.11243 – KKR / TELEFONICA / PANGEACO)

Candidate case for simplified procedure

(Text with EEA relevance)

(2023/C 344/19)

1.

This notification concerns the following undertakings:

| — | KKR & Co. Inc. (‘KKR’, Delaware, United States), |
| --- | --- |

—

KKR & Co. Inc. (‘KKR’, Delaware, United States),

| — | Telefónica, S.A. (‘Telefónica’, Spain), |
| --- | --- |

—

Telefónica, S.A. (‘Telefónica’, Spain),

| — | PangeaCo S.A.C. (‘Target’, Peru). |
| --- | --- |

—

PangeaCo S.A.C. (‘Target’, Peru).

KKR and Telefónica will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of PangeaCo S.A.C.

The concentration is accomplished by way of purchase of shares.

2.

| — | KKR is a global investment firm that offers alternative asset management as well as capital markets and insurance solutions, |
| --- | --- |

—

KKR is a global investment firm that offers alternative asset management as well as capital markets and insurance solutions,

| — | Telefónica is a global telecommunications company, which operates fixed and mobile communication networks. It offers mobile, landline, internet and television services under a number of brands, including Movistar, O2 and Vivo. Telefónica is listed on the Madrid, New York, and Lima Stock Exchanges, |
| --- | --- |

—

Telefónica is a global telecommunications company, which operates fixed and mobile communication networks. It offers mobile, landline, internet and television services under a number of brands, including Movistar, O2 and Vivo. Telefónica is listed on the Madrid, New York, and Lima Stock Exchanges,

| — | Target is a company incorporated in Peru to operate and deploy a fiber network infrastructure for the provision of wholesale telecommunications services in Peru. |
| --- | --- |

—

Target is a company incorporated in Peru to operate and deploy a fiber network infrastructure for the provision of wholesale telecommunications services in Peru.

3.

Pursuant to the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.

4.

Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

M.11243 – KKR / TELEFONICA / PANGEACO

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

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

Postal address:

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

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’).

1

(2)  
  OJ C 160, 5.5.2023, p. 1.

2

---