Prior notification of a concentration (Case M.7869 — Macquarie/Dolomiti Energia/Hydro Dolomiti Enel) — Candidate case for simplified procedure (Text with EEA relevance)
Date: 2016-01-22
Institutions: European Commission
Subjects: economic concentration, electrical industry, investment company, merger control








C_2016023EN.01000601.xml










22.1.2016   


EN


Official Journal of the European Union


C 23/6





Prior notification of a concentration
(Case M.7869 — Macquarie/Dolomiti Energia/Hydro Dolomiti Enel)
Candidate case for simplified procedure
(Text with EEA relevance)
(2016/C 23/07)






1.


On 12 January 2016, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which Macquarie European Infrastructure Fund 4 LP (‘MEIF4’, Guernsey), ultimately controlled by the Macquarie Group (Australia), and Dolomiti Energia S.p.A. (‘Dolomiti’, Italy), which is part of the Dolomiti Energia Group (Italy), acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of Hydro Dolomiti Enel S.r.l. (‘HDE’, Italy) by way of purchase of shares.










2.


The business activities of the undertakings concerned are:






—


MEIF4 is a wholesale investment fund focusing on transportation and utilities assets located in certain European countries. MEIF4 owns 100 % of shares in Renvico s.r.l. which operates a portfolio of wind farms located in Central-Southern Italy.










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Dolomiti is active in several areas, including electricity production; electricity-heat cogeneration; procurement and sale of electricity and methane gas; electricity distribution; methane gas distribution; integrated water services; collection, transport and disposal of municipal waste; construction of photovoltaic plants and related energy efficiency activities. Dolomiti mainly operates in Northern Italy.










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HDE, currently jointly owned by the Enel Group (Italy) and Dolomiti, is the owner of a diversified large-scale operating hydro energy portfolio in Northern Italy.














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 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 email to COMP-MERGER-REGISTRY@ec.europa.eu or by post, under reference M.7869 — Macquarie/Dolomiti Energia/Hydro Dolomiti Enel, 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.