Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels,  09.06.2022  
C(2022 ) 4055 final  
PUBLIC VERSION  
Repsol Customer Centric, S.L.  
Méndez Álvaro, 44  
28045 -Madrid  
Spain  
 
Telefónica de España, S.A.U.  
Ronda de la Comunicación, s/n,  
28050, Madrid  
Spain  
Subject : Case M. 10623  – REPSOL / TELEFONICA / JV  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No 139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or M adam,  
1. On 13 May 2022 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which  the 
undertaking s Repsol Customer Centric, S.L. (“Repsol CC”, Spain), a subsidiary of 
Repsol, S.A (“Repsol”, Spain) , and Telefónica de España, S.A.U. (“Telefónica”, 
Spain), a subsidiary of Telefónica S.A (“TEF”, Spain)  will acquire within the meaning 
of Article 3(1)(b)  and 3(4)  of the Merger Regulation joint control of a joint venture 
(the “Joint Ventu re”) by way of purchase of shares .3 
2. The business activities of the undertakings concerned  are the following : 
 Repsol: the commercialisation and transportation of oil and gas, the production 
and commercialisation of asphalt, fuels, specialised products, lubricants, and 
chemicals for different uses, as well as the development and management of 
service stations and the generation and commercialisation of electricity and gas , 
                                                 
1 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.  
2  OJ L 1, 3.1.1994, p . 3 (the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 208, 24.5.2022 , p. 9. 

2  TEF: global telecommunications operator and mobile network provider, operating 
under a number of brands, including Movistar, Virgin Media O2 and Vivo, 
representing mobile, landline, internet and television services , 
3. The Join t Venture  will be active in  the implementation of photovoltaic projects in 
Spain mainly consisting in the acquisiti on, installation and  maintenance of solar 
panels on the ground or roofs for both households’ and businesses’ self -consumption, 
and related activities . 
4. 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 
5. For the reasons set out in the Notice on a simplifi ed 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  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
 
                                                 
4  OJ C 366, 14.12.2013, p. 5 .