Prior notification of a concentration (Case M.7629 — PSP/OTPP/Tonopah Solar Investments/Tonopah Solar Energy) — Candidate case for simplified procedure (Text with EEA relevance)
Date: 2015-06-02
Institutions: European Commission
Subjects: Canada, United States, board of management, economic concentration, investment, investment company, merger control, power plant, soft energy, supplementary pension








C_2015179EN.01000801.xml










2.6.2015   


EN


Official Journal of the European Union


C 179/8





Prior notification of a concentration
(Case M.7629 — PSP/OTPP/Tonopah Solar Investments/Tonopah Solar Energy)
Candidate case for simplified procedure
(Text with EEA relevance)
(2015/C 179/05)






1.


On 19 May 2015 the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertakings Public Sector Pension Investment Board (‘PSP’, Canada), Ontario Teachers' Pension Plan Board (‘OTPP’, Canada) and Tonopah Solar Investments, LLC (‘TSI’, USA), 2 by SolarReserve CSP Holdings, LLC and Cobra Energy Investments, LLC, acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Tonopah Solar Energy Holdings I LLC (‘the Target’, USA) by way of purchase of shares.










2.


The business activities of the undertakings concerned are:






—


PSP is one of Canada's largest pension investment managers. Its portfolio includes shares, fixed income applications, securities, investment in real estate and private equity, as well as in the infrastructure and renewable resources sectors,










—


OTPP is an investment fund that distributes its portfolio among 6 main asset classes: (i) public equities; (ii) private capital; (iii) fixed income and alternative investments; (iv) infrastructure; (v) tactical asset allocation and natural resources; and (vi) real estate,










—


TSI is responsible for the day to day management of the Target,










—


for the Target: Its activities relate solely to the construction and operation of a 110 MW (nameplate 125 MW) solar thermal generation plant in Nevada, USA.














3.


On preliminary examination, the 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 this Notice.










4.


The Commission invites interested third parties to submit their possible observations on the proposed operation to the 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 M.7629 — PSP/OTPP/Tonopah Solar Investments/Tonopah Solar Energy, 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.