Prior notification of a concentration (Case M.9143 — CapMan/NH-Amundi/Green Investment Group/Cloud Snurran) — Candidate case for simplified procedure (Text with EEA relevance.)
Date: 2018-11-28
Institutions: European Commission
Subjects: economic concentration, investment company, merger control, power plant, wind energy








C_2018429EN.01000501.xml










28.11.2018   


EN


Official Journal of the European Union


C 429/5






Prior notification of a concentration
(Case M.9143 — CapMan/NH-Amundi/Green Investment Group/Cloud Snurran)
Candidate case for simplified procedure
(Text with EEA relevance)
(2018/C 429/05)

1.   
On 16 November 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:






—


CapMan plc (‘CapMan’, Finland),










—


NH-Amundi Asset Management Co. Ltd (‘NH-Amundi’, Korea), jointly controlled by NongHyup Financial Group (ultimately owned by the Korean National Agricultural Cooperative Federation) and Amundi Asset Management (ultimately owned by Crédit Agricole Group),










—


Green Investment Group (‘GIG’, the UK), controlled by Macquarie Group Limited,










—


Cloud Snurran (Sweden).




CapMan, NH-Amundi and Macquarie acquire, within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation, indirect joint control over Cloud Snurran.
The concentration is accomplished by way of purchase of shares in a newly created company constituting a joint venture (JV).


2.   
The business activities of the undertakings concerned are:






—


CapMan is a Nordic investment and specialised asset management undertaking;










—


NH-Amundi is an asset management company, which provides investment trust and mutual fund management for all types of investments;










—


GIG specialises in green energy principal investment, project delivery and portfolio management and related servcies;










—


Cloud Snurran is the JV that will develop, construct and operate an onshore wind farm in Sweden.






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.9143 — CapMan/NH-Amundi/Green Investment Group/Cloud Snurran
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.