Prior notification of a concentration (Case M.7260 — CPPIB/G&M/Enagás/Tecgas) — Candidate case for simplified procedure  Text with EEA relevance
Date: 2014-05-24
Institutions: European Commission
Subjects: Canada, Peru, Spain, building industry, economic concentration, investment company, merger control, natural gas, real estate business, supplementary pension, transport network








C_2014157EN.01000401.xml










24.5.2014   


EN


Official Journal of the European Union


C 157/4





Prior notification of a concentration
(Case M.7260 — CPPIB/G&M/Enagás/Tecgas)
Candidate case for simplified procedure
(Text with EEA relevance)
2014/C 157/04






1.


On 16 May 2014, the European Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which Graña y Montero, S.A.A., of Peru (‘G&M’), Enagás S.A of Spain (‘Enagás’), and Canada Pension Plan Investment Board, of Canada (‘CPPIB’), will together acquire indirect joint control of Tecgas Inc., Canada (‘Tecgas’), and Tecgas’s subsidiary Compañía Operadora de Gas del Amazonas S.A.C., Peru (‘COGA’) by way of purchase of shares. Tecgas is currently indirectly owned by CPPIB.










2.


The business activities of the undertakings concerned are:






—


G&M is a Peruvian real estate and construction company active in 4 areas: (i) engineering and construction, (ii) operation of infrastructure assets, (iii) development of residential and commercial real estate, and (iv) technical services, including services to the petroleum industry, highway maintenance, the operation of utilities and services to the electrical power industry,










—


Enagás is an independent transmission system operator (TSO), active in the operation of the natural gas transportation network in Spain,










—


CPPIB is an investment management organisation that invests the funds of the Canada Pension Plan (CPP) in public equities, private equities, real estate, infrastructure and fixed income instruments,










—


Tecgas and COGA are active in the provision of natural gas and natural gas liquids pipeline operation and maintenance services in Peru.














3.


On preliminary examination, the European Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved. 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.


The European Commission invites interested third parties to submit their possible observations on the proposed operation to the European Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax (+32 22964301), by e-mail to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference number M.7260 — CPPIB/G&M/Enagás/Tecgas, to the following 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’).

(2)  OJ C 366, 14.12.2013, p. 5.