Prior notification of a concentration (Case M.9397 — Mirova/GE/Desarrollo Eólico Las Majas) — Candidate case for simplified procedure (Text with EEA relevance.)
Date: 2019-07-31
Institutions: European Commission
Subjects: economic concentration, energy industry, holding company, hydraulic energy, investment company, merger control, power plant, renewable energy, solar energy, wind energy








C_2019257EN.01001501.xml










31.7.2019   


EN


Official Journal of the European Union


C 257/15






Prior notification of a concentration
(Case M.9397 — Mirova/GE/Desarrollo Eólico Las Majas)
Candidate case for simplified procedure
(Text with EEA relevance)
(2019/C 257/03)

1.   
On 23 July 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:






—


Mirova, acting as management company of Mirova-Eurofideme 3 (France), ultimately owned Banque Populaire Caisse d’épargne (‘BPCE’, France),










—


General Electric Company (‘GE’, United States),










—


Desarrollo Eólico Las Majas XIX, S.L.U. (Spain), controlled by the Forestalia group.




Mirova and GE acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Desarrollo Eólico Las Majas XIX. The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are:






—


Mirova is a French venture capital fund which focuses on responsible investment managing funds for institutional investors in various asset classes, inter alia, renewable energy and core infrastructures, sustainable equities and green bonds,










—


GE is a global manufacturing, technology and services company. The core activity of its business unit GE Energy Financial Services is investment in the energy sector. Its business unit GE Renewable Energy supplies products and services to wind, hydro and solar power generation customers, including manufacturing and servicing of wind turbines,










—


Desarrollo Eólico Las Majas XIX is a holding company, which will own three windfarm projects in Aragon, Spain.






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.9397 — Mirova/GE/Desarrollo Eólico Las Majas
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.