Prior notification of a concentration (Case M.10311 — Enel X/VWFL/JV) Candidate case for simplified procedure (Text with EEA relevance) 2021/C 321/03
Date: 2021-08-10
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, electric vehicle, electricity storage device, energy industry, hire purchase, insurance, investment company, merger control, motor vehicle industry, service








C_2021321EN.01000301.xml










10.8.2021   


EN


Official Journal of the European Union


C 321/3






Prior notification of a concentration
(Case M.10311 — Enel X/VWFL/JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(2021/C 321/03)

1.   
On 30 July 2021, 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:






—


Enel X S.r.l. (‘Enel X’, Italy), controlled by Enel S.p.A. (‘Enel’, Italy),










—


Volkswagen Finance Luxembourg S.A. (‘VWFL’, Luxembourg), controlled by Volkswagen AG (‘VWAG’, Germany),










—


Enel X Mobility HPC S.r.l. (‘JV’, Italy).




Enel X and VWFL acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of JV.
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:






—


For Enel X: subsidiary of the Italian energy consortium Enel Group active in the development and supply of innovative products and solutions aimed at enabling energy transition, including e-mobility.










—


For VWFL: subsidiary of the German automobile consortium Volkswagen Group providing individual mobility services such as financing, leasing, insurance and insurance procurement services in connection with cars and commercial vehicles.










—


For the JV: newly created entity to invest in, own, install, operate and maintain a network of publicly accessible high power charging stations for electric vehicles in Italy.






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.10311 — Enel X/VWFL/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.