Prior notification of a concentration (Case M.9809 – Eni Rewind/CDP Equity/CircularIT JV) Candidate case for simplified procedure (Text with EEA relevance) 2020/C 131/09
Date: 2020-04-22
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, fuel, gas industry, investment company, merger control, oil industry, renewable resources, waste management, wholesale selling








C_2020131EN.01002101.xml










22.4.2020   


EN


Official Journal of the European Union


C 131/21






Prior notification of a concentration
(Case M.9809 – Eni Rewind/CDP Equity/CircularIT JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(2020/C 131/09)

1.   
On 15 April 2020, 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:






—


Eni Rewind S.p.A. (‘Eni Rewind’), controlled by Eni S.p.A. (Italy) (‘ENI’),










—


CDP Equity S.p.A. (‘CDP Equity’), controlled by Cassa Depositi e Prestiti S.p.A. (Italy) (‘CDP’).




Eni Rewind and CDP Equity acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of a newly created JV, CircularIT S.p.A. (‘CircularIT’).
The concentration is accomplished by way of purchase of shares in a newly created company constituting a joint venture.


2.   
The business activities of the undertakings concerned are:






—


Eni Rewind is fully controlled by ENI, which is a company oil active in the oil and natural gas sector,










—


CDP Equity is a holding company of CDP, which invests in Italian companies of major national interest with long-term perspective,










—


CircularIT is the newly created JV, which is intended to be active in the market for the treatment of non-dangerous differentiated waste and, in particular, in the market segment relating to the treatment of organic municipal solid waste, as well as in the market for the supply of renewable bases to be used for the production of automotive fuels and marine bunker oil.






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.9809 – Eni Rewind/CDP Equity/CircularIT 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.