Prior notification of a concentration (Case M.8978 — AMF/KLP/Stena Sphere/Stena Renewable) — Candidate case for simplified procedure (Text with EEA relevance.)
Date: 2018-08-06
Institutions: European Commission
Subjects: banking, economic concentration, energy production, financial services, holding company, insurance, merger control, pension scheme, transport company, wind energy








C_2018274EN.01000301.xml










6.8.2018   


EN


Official Journal of the European Union


C 274/3






Prior notification of a concentration
(Case M.8978 — AMF/KLP/Stena Sphere/Stena Renewable)
Candidate case for simplified procedure
(Text with EEA relevance)
(2018/C 274/03)

1.   
On 30 July 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:






—


AMF Pensionförsäkring AB (‘AMF’, Sweden),










—


Kommunal Landspensjonskasse gjensidig forsikringsselskap (‘KLP’, Norway),










—


Stena Renewable AB (‘Stena Renewable’, Sweden), currently indirectly controlled by Stena Sphere (‘Stena Sphere’, Sweden).




AMF, KLP and Stena Sphere acquire, within the meaning of Article 3(1)(b) and Article 3(4) of the Merger Regulation, joint control over Stena Renewable.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are:






—


AMF is a life insurance company providing pensions to individuals and companies,










—


KLP is, together with its subsidiaries, active in the provision of pension, insurance, banking and financial services,










—


Stena Sphere comprises three holding companies, namely Stena AB, Stena Sessan AB and Stena Metall AB, and its activities mainly relate to shipping. Stena Adactum, a subsidiary of Stena AB, is a long-term investment company, which currently, inter alia, holds 100 % of shares in Stena Renewable,










—


Stena Renewable is engaged in the business of wind power production and owns, directly and indirectly through subsidiaries, certain onshore wind parks as well as certain assets and rights to develop, construct and operate new onshore wind parks.






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 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.8978 — AMF/KLP/Stena Sphere/Stena Renewable
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.