# C_2015405EN.01004001.xml

| 5.12.2015 | EN | Official Journal of the European Union | C 405/40 |
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5.12.2015

EN

Official Journal of the European Union

C 405/40

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Prior notification of a concentration

(Case M.7870 — Fondo Strategico Italiano/Eni/Saipem)

Candidate case for simplified procedure

(Text with EEA relevance)

(2015/C 405/11)

| 1. | On 26 November 2015, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which Fondo Strategico Italiano SpA. (‘FSI’) of Italy and Eni SpA. (‘Eni’) of Italy acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Saipem SpA. (‘Saipem’) of Italy by way of purchase of shares. |
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1.

On 26 November 2015, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which Fondo Strategico Italiano SpA. (‘FSI’) of Italy and Eni SpA. (‘Eni’) of Italy acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Saipem SpA. (‘Saipem’) of Italy by way of purchase of shares.

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| 2. | The business activities of the undertakings concerned are:






  — | Eni is an undertaking active globally in the whole oil and gas value chain as well as in the generation and sale of electricity, the petrochemical sector, the enginerring sector and in the financial sector. |
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2.

The business activities of the undertakings concerned are:

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Eni is an undertaking active globally in the whole oil and gas value chain as well as in the generation and sale of electricity, the petrochemical sector, the enginerring sector and in the financial sector.

| — | FSI is a holding company investing directly or indirectly in undertakings active in sectors considered strategic or relevant for the Italian economy. |
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FSI is a holding company investing directly or indirectly in undertakings active in sectors considered strategic or relevant for the Italian economy.

| — | Saipem is active in engineering and construction for the oil and gas industry on a global basis. |
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Saipem is active in engineering and construction for the oil and gas industry on a global basis.

| 3. | 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 the 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 this Notice. |
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3.

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 the 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 this Notice.

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| 4. | 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. Observations can be sent to the Commission by fax (+32 22964301), by email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number M.7870 — Fondo Strategico Italiano/Eni/Saipem, to the following address:





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

4.

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. Observations can be sent to the Commission by fax (+32 22964301), by email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number M.7870 — Fondo Strategico Italiano/Eni/Saipem, to the following address:

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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