Prior notification of a concentration (Case M.9268 — Macquarie/Jera Power International/Ørsted InvestCo/Swancor/Formosa I Wind Power) — Candidate case for simplified procedure (Text with EEA relevance.)
Date: 2019-01-17
Institutions: European Commission
Subjects: chemical industry, economic concentration, investment company, merger control, power plant, special chemicals, wind energy








C_2019021EN.01000801.xml










17.1.2019   


EN


Official Journal of the European Union


C 21/8






Prior notification of a concentration
(Case M.9268 — Macquarie/Jera Power International/Ørsted InvestCo/Swancor/Formosa I Wind Power)
Candidate case for simplified procedure
(Text with EEA relevance)
(2019/C 21/09)

1.   
On 9 January 2019, 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 Corporate Holdings Pty Limited (‘Macquarie’, Australia),










—


Ørsted InvestCo Ltd (‘Ørsted’, Denmark),










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Swancor Ind. Co. Ltd (‘Swancor’, Taiwan), and










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JERA Power International B.V. (‘JERA’, Japan),










—


Formosa I International Investment Co., Ltd (‘Formosa I’, Taiwan), which controls Formosa I Wind Power Co., Ltd and is currently jointly controlled by Macquarie, Ørsted and Swancor.




Macquarie, Ørsted, Swancor and JERA acquire, within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation, joint control over Formosa I.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are:






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Macquarie is involved in a diverse range of businesses, including investing in a wide range of sectors including resources and commodities, energy, financial institutions, infrastructure and real estate.










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Ørsted is engaged in the development, construction and operation of offshore wind farms, bioenergy plants and innovative waste-to-energy solutions, and the provision of smart energy products to its customers. It also procures, produces, distributes and trades energy and related products in Northern Europe.










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Swancor is a producer and distributor of specialty chemical materials, including anticorrosion resins for use in tanks and pipelines in various industries, chimneys for power plants, yachts and swimming pools and epoxy system resins for wind turbine blades.










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JERA is active in upstream fuel investment, fuel procurement, trading and transport activities. It is also engaged in the development and operation of power generation plants.










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Formosa I is an offshore wind farm project being developed, constructed and operated near Miaoli, Taiwan.






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.9268 — Macquarie/Jera Power International/Ørsted InvestCo/Swancor/Formosa I Wind Power
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.