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,  23.12.2020  
C(2020 ) 9637 final  
PUBLIC VERSION  
To the notifying party  
Subject : Case M. 10055  – MIRA / ROMANIAN ASSETS OF CEZ  
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 1 December 2020 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which Macquarie 
Infrastructure and Real Assets (Europe) Limited (“MIRA”, United Kingdom)  intends 
to acquire within the meaning of Article 3(1)(b ) of the Merger Regulation sole  control 
of some of the assets  of ČEZ  a.s. (”CEZ”, Czechia ), notably  its Romanian electricity 
generation, electricity distribution, and electricity and natural gas retail supply assets 
(“Romanian assets of CEZ”, Romania)  by way of purchase of shares .3 
2. The business activities of the undertakings concerned are:  
 for MIRA : the management of infrastruct ure and other real assets, including real 
estate, energy and agricultural assets. MIRA forms part of the Macquarie 
Infrastructure and Real Assets division of Macquarie  Group Limited , a global 
investment, banking and financial services provider,  
 for Romania n assets of CEZ : seven companies which together operate an 
electricity distribution network, a portfolio of renewable energy assets and a retail 
electricity and gas supply business, all located in Romania.  These companies are 
Distributie Energie Oltenia SA , ČEZ Vanzare SA, Ovidiu Development SA, 
Tomis Team SA, MW Team Invest SRL, ČEZ  Romania SA and TMK 
Hydroenergy Power SRL.  
                                                 
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 424, 8.12.2020 , p. 38. 

2 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 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 .