Prior notification of a concentration (Case M.9621 — Suez/Itochu/SFC/EDCO) Candidate case for simplified procedure (Text with EEA relevance) 2019/C 395/07
Date: 2019-11-22
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, hazardous waste, investment company, merger control, waste management, wastewater, water management








C_2019395EN.01000901.xml










22.11.2019   


EN


Official Journal of the European Union


C 395/9






Prior notification of a concentration
(Case M.9621 — Suez/Itochu/SFC/EDCO)
Candidate case for simplified procedure
(Text with EEA relevance)
(2019/C 395/07)

1.   
On 14 November 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:






—


SUEZ Groupe SAS (‘Suez’, France),










—


ITOCHU Corporation (‘Itochu’, Japan),










—


Saudi Fransi Capital (‘SFC’, Saudi Arabia), owned by Banque Saudi Fransi (Saudi Arabia),










—


Environment Development Company Limited (‘EDCO’, Saudi Arabia).




Suez, Itochu and SFC acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the whole of EDCO.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are:






—


Suez is a company active in the provision of water management, recycling and wastewater recovery and urban development services,










—


Itochu is a Japanese trading and investment company with a wide range of experience investing in infrastructure projects,










—


SFC is a full-service Saudi-based investment services provider offering investment banking, asset management, debt and equity research, institutional sales and trading, and local/international brokerage services,










—


EDCO is an independent company providing hazardous waste management services in the Jubail area in Saudi Arabia.






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.9621 — Suez/Itochu/SFC/EDCO
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.