# C_2019141EN.01000501.xml

| 17.4.2019 | EN | Official Journal of the European Union | C 141/5 |
| --- | --- | --- | --- |

17.4.2019

EN

Official Journal of the European Union

C 141/5

---

Prior notification of a concentration

(Case M.9296 — Macquarie/China Investment Corporation/Allianz/Dalmore/INPP/Gas distribution business of National Grid)

Candidate case for simplified procedure

(Text with EEA relevance)

(2019/C 141/06)

1.

This notification concerns the following undertakings:

| — | Macquarie Group (‘Macquarie’, Australia), |
| --- | --- |

—

Macquarie Group (‘Macquarie’, Australia),

| — | China Investment Corporation (‘CIC’, China), |
| --- | --- |

—

China Investment Corporation (‘CIC’, China),

| — | Allianz SE (‘Allianz’, Germany), |
| --- | --- |

—

Allianz SE (‘Allianz’, Germany),

| — | Dalmore Capital Limited (‘Dalmore’, UK), |
| --- | --- |

—

Dalmore Capital Limited (‘Dalmore’, UK),

| — | International Public Partnerships Limited (‘INPP’, UK), |
| --- | --- |

—

International Public Partnerships Limited (‘INPP’, UK),

| — | Gas distribution business of National Grid (‘Cadent’, UK). |
| --- | --- |

—

Gas distribution business of National Grid (‘Cadent’, UK).

Macquarie, CIC, Allianz, Dalmore and INPP acquire, within the meaning of Article 3(1)(b) of the Merger Regulation, joint control over the whole of Cadent.

The concentration is accomplished by way of purchase of shares.

2.

| — | Macquarie is a global provider of banking, financial, advisory, investment and fund management services. Macquarie controls companies that have activities in the gas sector in the UK: (i) Corona Energy, which supplies gas and electricity primarily to commercial, industrial and public sector clines in Great Britain (‘GB’); (ii) Calon Energy, which owns 3 combined cycle gas-fired power stations in GB; and (iii) Macquarie Energy Leasing, which is active in the provision and supply of meter assets to customers in GB, |
| --- | --- |

—

Macquarie is a global provider of banking, financial, advisory, investment and fund management services. Macquarie controls companies that have activities in the gas sector in the UK: (i) Corona Energy, which supplies gas and electricity primarily to commercial, industrial and public sector clines in Great Britain (‘GB’); (ii) Calon Energy, which owns 3 combined cycle gas-fired power stations in GB; and (iii) Macquarie Energy Leasing, which is active in the provision and supply of meter assets to customers in GB,

| — | CIC, incorporated in January 2015, specialises in direct investments. CIC has joint control over Neptune Energy Group Limited (‘Neptune’), which is active in oil and gas exploration and production, with a regional focus on the North Sea, North Africa, and South-East Asia, |
| --- | --- |

—

CIC, incorporated in January 2015, specialises in direct investments. CIC has joint control over Neptune Energy Group Limited (‘Neptune’), which is active in oil and gas exploration and production, with a regional focus on the North Sea, North Africa, and South-East Asia,

| — | Allianz is a global financial services group active in insurance and asset management, |
| --- | --- |

—

Allianz is a global financial services group active in insurance and asset management,

| — | Dalmore is an independent fund management company focusing on low-risk opportunities for institutional investors in the UK infrastructure sector, |
| --- | --- |

—

Dalmore is an independent fund management company focusing on low-risk opportunities for institutional investors in the UK infrastructure sector,

| — | INPP is an infrastructure investment company, |
| --- | --- |

—

INPP is an infrastructure investment company,

| — | Cadent is comprises four out of the eight regulated gas distribution networks (‘GDNs’) across parts of GB, covering a geographically defined service territory that encompasses the East of England, North London, the North-West of England and the West Midlands. Cadent is currently jointly controlled by Macquarie and National Grid. |
| --- | --- |

—

Cadent is comprises four out of the eight regulated gas distribution networks (‘GDNs’) across parts of GB, covering a geographically defined service territory that encompasses the East of England, North London, the North-West of England and the West Midlands. Cadent is currently jointly controlled by Macquarie and National Grid.

3.

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 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.9296 — Macquarie/China Investment Corporation/Allianz/Dalmore/INPP/Gas distribution business of National Grid

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

| Email: COMP-MERGER-REGISTRY@ec.europa.eu |
| --- |
| Fax +32 22964301 |
| Postal address: |
| European Commission |
| Directorate-General for Competition |
| Merger Registry |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

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

Fax +32 22964301

Postal address:

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 366, 14.12.2013, p. 5.

2

---