Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP ME RGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229 -91111. Fax: +32 229 -64301. E -mail: COMP -MERGER -REGISTRY@ec.europa.eu . 
  EUROPEAN COMMISSION  
Brussels, 6.3.2020  
C(2020 ) 1555 final  
PUBLIC VERSION  
To the notifying parties  
Subject : Case M. 9733  – ENGIE  / MIROVA / PREDICA / 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 6 February 2020 , the European Commission received notification of a proposed 
concentration pursuant to Article 4 of the Merger  Regulation by which ENGIE S.A. 
("ENGIE", F rance),  Mirova S.A. ("Mirova", France), controlled  by BPCE Group 
(France ), and Predica Prévoyance Dialogue du Crédit Agricole S.A. ("Predica", 
France), belonging to t he group Crédit Agricole S.A., acquire  within the meaning of 
Article 3(1)(b) of the Merger  Regulation  joint control of a portfolio of hydroelectric 
assets (the “Target”), currently owned by EDP - Gestão  da Produção de Energia , 
which in turn is owned by Energias de Portugal S.A. ( "EDP ", Portugal) , by way of 
purchase of shares .3 
2. The business activities of the undertakings concerned are:  
 for ENGIE: ENGIE is an industrial company active in the fields of gas and 
electricity supply, as well as in energy services,  
 for Mirova: Mirova is a French asset management company , 
 for Predica: Predica is a French life and health insurance company, belonging to 
the French Crédit Agricole Group,  
 for the Target: the Target consists of a portfolio of six hydroelectric power plants 
located in North Portugal and currently owned by EDP’s fully owned subsidiary 
EDP - Gestão da Produção de Energia . 
                                                 
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 48, 12.2.2020 , p. 24. 

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(c) of the Commission Notice on a simplified procedu re 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 Agre ement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
                                                 
4  OJ C 366, 14.12.2013, p. 5 .