Prior notification of a concentration (Case M.8776 — Macquarie/Allianz/Lakeside Network Investments) — Candidate case for simplified procedure (Text with EEA relevance. )
Date: 2018-01-24
Institutions: European Commission
Subjects: banking, consultancy, economic concentration, energy grid, financial services, heating, insurance company, investment company, merger control, subsidiary








C_2018024EN.01000701.xml










24.1.2018   


EN


Official Journal of the European Union


C 24/7





Prior notification of a concentration
(Case M.8776 — Macquarie/Allianz/Lakeside Network Investments)
Candidate case for simplified procedure
(Text with EEA relevance)
(2018/C 24/06)






1.


On 16 January 2018, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


Macquarie Super Core Infrastructure Fund SCSP (‘MSCIF’, United Kingdom), belonging to the Macquarie Group,










—


Allianz Infrastructure Luxembourg I S.à.r.l. (‘AIL’, Luxembourg), controlled by Allianz SE and belonging to the Allianz Group,










—


Lakeside Network Investments S.à.r.l. (‘Elenia Group’, Finland), currently owned by 3i Networks Finland LP, GS International Infrastructure Partners II, LP., G.S. Global Infrastructure Partners II, L.P. and Ilmarinen Mutual Pension Insurance Company.




MSCIF and AIL acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the whole of the Elenia Group.
The concentration is accomplished by way of purchase of shares.










2.


The business activities of the undertakings concerned are:
—   for MSCIF: a fund managed by Macquarie Infrastructure and Real Assets (Europe) Limited (‘MIRAEL’). MIRAEL is part of the Macquarie Group. Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services listed on the Australian Stock Exchange.
—   for AIL: a wholly-owned subsidiary of Allianz SE, the ultimate parent company of the Allianz Group. The Allianz Group offers a comprehensive range of insurance and asset management products and services to both private and corporate customers in more than 70 countries. The Allianz Group is primarily active in Germany, the United States, France, Italy, the United Kingdom and the Asia-Pacific region.
—   for Elenia Group: owns and operates electricity distribution networks and district heating businesses in Finland.










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 the 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. The following reference should always be specified:
M.8776 — Macquarie/Allianz/Lakeside Network Investments
Observations can be sent to the Commission by email, by fax, or by post. Please use the contact details below:





Email:




COMP-MERGER-REGISTRY@ec.europa.eu




Fax




+32 22964301




Postal 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.