# m8776.docx

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EUROPEAN COMMISSION

Brussels, 7.2.2018

PUBLIC VERSION

C(2018) 838 final

C(2018) 838 final

To the notifying parties:

To the notifying parties:

Subject:Case M.8776 - MACQUARIE / ALLIANZ / LAKESIDE NETWORK INVESTMENTS

  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

Subject

:

Case M.

8776 - MACQUARIE / ALLIANZ / LAKESIDE NETWORK INVESTMENTS

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,

Dear Sir or Madam,

1.On 16 January 2018, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which Macquarie Super Core Infrastructure Fund SCSP ("MSCIF", United Kingdom), belonging to the Macquarie Group and Allianz Infrastructure Luxembourg I S.à.r.l. ("AIL", Luxembourg), controlled by Allianz SE and belonging to the Allianz Group, acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the whole of the Lakeside Network Investments S.à.r.l. ("Elenia Group", Finland), currently owned by 3i Networks Finland LP, GS International Infrastructure Partners II, LP., G.S. Global Infrastructure Partners II, L.P. and Ilmarinen Mutual Pension Insurance Company by way of a purchase of shares.
  3

1.

On

16 January 2018

,

the

European

Commission received notification of a proposed concentration pursuant to Article 4 of

the

Merger

Regulation by which

Macquarie Super Core Infrastructure Fund SCSP ("MSCIF",

U

nited Kingdom), belonging to the Macquarie Group

and

Allianz Infrastructure Luxembourg I

S.à.r.l

. ("AIL", Luxembourg), controlled by Allianz SE and belonging to the Allianz Group, acquire

within the meaning of Article 3(1)(b) of the Merger Regulation

joint

control of the whole of

the Lakeside Network Investments

S.à.r.l

. ("

Elenia

Group", Finland), currently

owned

by 3i Networks Finland LP, GS International Infrastructure Partners II, LP., G.S. Global Infrastructure Partners II, L.P. and

Ilmarinen

Mutual Pension Insurance Company

by way of

a

purchase of shares

.

3

2.The business activities of the undertakings concerned are:

2.

The business activities of the undertakings concerned are:

–
     for MSCIF: a fund managed by Macquarie Infrastructure and Real Assets (Europe) Limited ("MIRAEL"). MIRAEL is part of the Macquarie Group. Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services listed on the Australian Stock Exchange.

–

MSCIF

:

a fund managed by

Macquarie Infrastructure and Real Assets (Europe) Limited ("

MIRAEL

")

. MIRAEL is part of the Macquarie Group.

Macquarie Group is a global provider of banking, financial, advisory, investment and

funds management services listed on the Australian Stock Exchange.

–
     for AIL: a wholly-owned subsidiary of Allianz SE, the ultimate parent company of the Allianz Group. The Allianz Group offers a comprehensive range of insurance and asset management products and services to both private and corporate customers in more than 70 countries. The Allianz Group is primarily active in Germany, the United States, France, Italy, the United Kingdom and the Asia-Pacific region.

–

corporate customers in more than 70 countries. The Allianz Group is primarily active in Germany, the United States, France, Italy, the United Kingdom and the Asia-Pacific region.

–
     for Elenia Group: owns and operates electricity distribution networks and district heating businesses in Finland.

–

Elenia

Group:

owns and operates electricity

distribution networks and district heating businesses in Finland.

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

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.

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

For the Commission

(Signed)

  Johannes LAITENBERGER
  Director-General

(Signed)

Johannes LAITENBERGER

Director

-

General

OJ L 24, 29.1.2004, p. 1 (the 'Merger Regulation'). With effect from 1 December 2009, the Treaty on the Functioning of the European Union ('TFEU') has introduced certain changes, such as the replacement of 'Community' by 'Union' and 'common market' by 'internal market'. The terminology of the TFEU will be used throughout this decision.

OJ C 366, 14.12.2013, p. 5.