# C_2023072EN.01005001.xml

| 28.2.2023 | EN | Official Journal of the European Union | C 72/50 |
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28.2.2023

EN

Official Journal of the European Union

C 72/50

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Prior notification of a concentration

(Case M.11003 – DTC / IRCP / DIAMOND TRANSMISSION PARTNERS / OFTO BUSINESS)

Candidate case for simplified procedure

(Text with EEA relevance)

(2023/C 72/10)

1.

This notification concerns the following undertakings:

| — | Diamond Transmission UK Limited (‘DTUK’, United Kingdom), controlled by Diamond Transmission Corporation Limited (‘DTC’, United Kingdom), which is controlled by Mitsubishi Corporation (‘MC’, Japan), |
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Diamond Transmission UK Limited (‘DTUK’, United Kingdom), controlled by Diamond Transmission Corporation Limited (‘DTC’, United Kingdom), which is controlled by Mitsubishi Corporation (‘MC’, Japan),

| — | InfraRed Capital Partners Limited (‘IRCP’, United Kingdom), controlled by Sun Life Financial Inc. (‘Sun Life’, Canada), |
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InfraRed Capital Partners Limited (‘IRCP’, United Kingdom), controlled by Sun Life Financial Inc. (‘Sun Life’, Canada),

| — | the transmission network for the Hornsea Two offshore windfarm located off the coast of Yorkshire in the North Sea in the United Kingdom (the ‘OFTO Business’, United Kingdom). |
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the transmission network for the Hornsea Two offshore windfarm located off the coast of Yorkshire in the North Sea in the United Kingdom (the ‘OFTO Business’, United Kingdom).

DTUK and IRCP will acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the whole OFTO Business.

The concentration is accomplished by way of purchase of assets.

2.

| — | DTUK is a holding company controlled by DTC. DTC is a holding company that integrates MC’s investment activities in the electricity transmission sector. MC is a global trading company with activities related to energy, metals, machinery, chemicals, food and general merchandise, |
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DTUK is a holding company controlled by DTC. DTC is a holding company that integrates MC’s investment activities in the electricity transmission sector. MC is a global trading company with activities related to energy, metals, machinery, chemicals, food and general merchandise,

| — | IRCP is an infrastructure investment management company active in financial advice and managing investments on behalf of investment funds, controlled by Sun Life. Sun Life is a financial services company providing insurance, wealth and asset management solutions, |
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IRCP is an infrastructure investment management company active in financial advice and managing investments on behalf of investment funds, controlled by Sun Life. Sun Life is a financial services company providing insurance, wealth and asset management solutions,

| — | The OFTO Business is the electricity transmission network for the Hornsea Two offshore windfarm located off the coast of Yorkshire in the North Sea in the United Kingdom. |
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The OFTO Business is the electricity transmission network for the Hornsea Two offshore windfarm located off the coast of Yorkshire in the North Sea in the United Kingdom.

3.

Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (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.11003 – DTC / IRCP / DIAMOND TRANSMISSION PARTNERS / OFTO BUSINESS

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

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

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(1)  OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

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(2)  OJ C 366, 14.12.2013, p. 5.

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