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 -MERG ER-REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels,  31.10.2019  
C(2019 ) 7976 final  
PUBLIC VERSION  
To the notifying parties  
Subject : Case M. 9543  – DIAMOND TRANSMISSION CORPORATION / 
INFRARED CAPITAL PARTNERS / CHUBU / WALNEY 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 Madam,  
1. On 9 October 2019 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which the 
undertakings Diamond Transmission Corporation Limited (“DTC”, United Kingdom), 
controlled by Mitsubishi Corporation (“MC”, Japan), InfraRed Capital Partners 
Limited (“IRCP”, United Kingdom), controlled by InfraRed Capital Partners 
(Management) LLP (United Kingdom) and Chubu Electric Power Co., Inc (“Chubu”, 
Japan)  acquire within the meaning of Article 3(1)(b)  and 3(4)  of the Merger 
Regula tion joint control over the whole of the undertaking Diamond Transmission 
Partners Walney Extension (Holdings) Limited (“Target”, United Kingdom) by way 
of purchase of shares .3 
2. The business activities of the undertakings concerned are:  
 for DTC: a holding c ompany that integrates MC’s investment activities in the 
electricity transmission sector . DTC  currently solely owns the Target,  
 for IRCP: an infrastructure investment management company active in financial 
advice and managing investments on behalf of inves tment funds , 
 
 
                                                 
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 350, 16.10.2019 , p. 4. 

2  for Chubu : a multi -energy services group based in the Chubu region in Japan, 
with activities related to electric utility and related enterprises, gas supply and 
thermal storage brokerage, on -site energy businesses, overseas consulting and 
investment, real estate management services and IT services,  
 for the Target: ownership and operation of the transmission network for the 
Walney Extension offshore windfarm  in the United Kingdom.   
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 (b) 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 applic ation of Article 6(1)(b) of the Merger  Regulation  and Article 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Cecilio MADERO VILLAREJO  
Acting Director -General  
                                                 
4  OJ C 366, 14.12.2013, p. 5 .