Prior notification of a concentration (Case M.9472 — Diamond Transmission Corporation/InfraRed Capital Partners/JV) — Candidate case for simplified procedure (Text with EEA relevance.)
Date: 2019-08-08
Institutions: European Commission
Subjects: East of England, North Sea, United Kingdom, economic concentration, electrical energy, energy grid, holding company, investment company, merger control, wind energy








C_2019266EN.01000601.xml










8.8.2019   


EN


Official Journal of the European Union


C 266/6






Prior notification of a concentration
(Case M.9472 — Diamond Transmission Corporation/InfraRed Capital Partners/JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(2019/C 266/05)

1.   
On 2 August 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:






—


Diamond Transmission Corporation Limited (‘DTC’, United Kingdom), controlled by Mitsubishi Corporation (‘MC’, Japan),










—


InfraRed Capital Partners Limited (‘IRCP’, United Kingdom), controlled by InfraRed Capital Partners (Management) LLP (United Kingdom),










—


Diamond Transmission Partners Galloper (Holding) Limited (‘Target’, United Kingdom), currently solely controlled by DTC.




DTC and IRCP acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the whole of the Target.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are:






—


DTC is a holding company that integrates MC’s investment activities in the electricity transmission sector,










—


IRCP is an infrastructure investment management company active in financial advice and managing investments on behalf of investment funds,










—


the Target is the holding company of its wholly owned subsidiary Diamond Transmission Partners Galloper Limited which is the Offshore Transmission Owner for the Galloper offshore windfarm located in UK waters off the coast of Suffolk in the North Sea. It is active in the transmission of electricity from this windfarm to the UK’s onshore National Electricity Transmission System.






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.9472 — Diamond Transmission Corporation/InfraRed Capital Partners/JV
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.