Prior notification of a concentration (Case M.9543 — Diamond Transmission Corporation/InfraRed Capital Partners/Chubu/Walney JV) Candidate case for simplified procedure (Text with EEA relevance) 2019/C 350/04
Date: 2019-10-16
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, electrical energy, electricity supply, energy industry, gas supply, holding company, information technology industry, investment company, merger control, wind energy








C_2019350EN.01000401.xml










16.10.2019   


EN


Official Journal of the European Union


C 350/4






Prior notification of a concentration (Case M.9543 — Diamond Transmission Corporation/InfraRed Capital Partners/Chubu/Walney JV) Candidate case for simplified procedure
(Text with EEA relevance)
(2019/C 350/04)

1.   
On 9 October 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),










—


Chubu Electric Power Co., Inc (‘Chubu’, Japan),










—


Diamond Transmission Partners Walney Extension (Holdings) Limited (‘Target’, United Kingdom).




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


2.   
The business activities of the undertakings concerned are:






—


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










—


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










—


for Chubu: a multi-energy services group based in the Chubu region in Japan, with activities related to electric utility and related enterprises, gas supply and thermal storage brokerage, on-site energy businesses, overseas consulting and investment, real estate management services and IT services,










—


for the Target: ownership and operation of the transmission network for the Walney Extension offshore windfarm in the United Kingdom.






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.9543 — Diamond Transmission Corporation/InfraRed Capital Partners/Chubu/Walney 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.