# m8800.docx

| | EUROPEAN COMMISSION |
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EUROPEAN COMMISSION

Brussels, 7.2.2018

C(2018) 840 final

PUBLIC VERSION

To the notifying parties:

To the notifying parties:

Subject:Case M.8800 - GOLDMAN SACHS / RIVERSTONE INVESTMENT / LUCID ENERGY GROUP II

  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.

8800 - GOLDMAN SACHS / RIVERSTONE INVESTMENT / LUCID ENERGY GROUP II

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 The Goldman Sachs Group, Inc. ("Goldman Sachs", USA) and Riverstone Investment Group LLC ("Riverstone", USA) acquire, within the meaning of Article 3(1)(b) of the Merger Regulation, joint control over Lucid Energy Group II LLC ("Lucid Energy", USA) 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

The Goldman Sachs Group, Inc. ("Goldman Sachs", USA)

and

Riverstone

Investment Group LLC ("

Riverstone

", USA)

acquire

,

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

,

joint control

over

Lucid Energy Group II LLC ("Lucid Energy", USA)

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:

–
     Goldman Sachs is a global investment banking, securities and investment management firm that provides a wide range of banking, securities and investment services worldwide,

–

Goldman Sachs is a global investment banking, securities and investment management firm that provides a

wide

range of banking, securities and investment services

worldwide,

–
     Riverstone is a private equity firm focused on investments in the energy and power sectors,

–

Riverstone

is a private equity firm focused on investments in the energy and power sectors,

–
     Lucid Energy provides natural gas gathering, compression and natural gas processing in Texas and New Mexico.

–

Lucid Energy provides natural gas gathering, compression and natural gas processing in Texas and New Mexico.

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(a) 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

(

a

)

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.