Prior notification of a concentration (Case M.10139 – DESFA / COPELOUZOU / DEPA / GASLOG / BTG / GASTRADE) (Text with EEA relevance) 2021/C 435/05
Date: 2021-10-28
Institutions: Directorate-General for Competition, European Commission
Subjects: Eastern Macedonia and Thrace, Greece, economic concentration, energy storage, gas pipeline, gas supply, merger control, natural gas, shareholder, vessel, wholesale trade








C_2021435EN.01000801.xml










28.10.2021   


EN


Official Journal of the European Union


C 435/8






Prior notification of a concentration
(Case M.10139 – DESFA / COPELOUZOU / DEPA / GASLOG / BTG / GASTRADE)
(Text with EEA relevance)
(2021/C 435/05)

1.   
On 20 October 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:






—


Hellenic Gas Transmission System Operator S.A. (‘DESFA’, Greece),










—


Ms. Asimina-Eleni Copelouzou (‘Ms Copelouzou’, Greece),










—


DEPA Commercial S.A. (‘DEPA Commercial’, Greece),










—


GasLog Cyprus Investments Limited (‘GasLog’, Cyrpus),










—


Bulgartransgaz EAD (‘BTG’, Bulgaria),










—


GASTRADE Limited Construction and Technical Company of Natural Gas S.A. (‘GASTRADE’, Greece).




DESFA, Ms Copelouzou, DEPA Commercial, GasLog and BTG acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of GASTRADE.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are:






—


for DESFA: owning, operating, maintaining, managing, and developping the Greek high pressure gas transmission network and the Liquefied Natural Gas (‘LNG’) terminal located on Revithoussa island, Greece,










—


for Ms Copelouzou: an individual who is the founding shareholder of GASTRADE,










—


for DEPA Commercial: Greece’s major gas supplier engaging in the supply, wholesale and trading of natural gas,










—


for GasLog: owning, operating and managing LNG vessels, providing support to energy companies in their LNG supply chain,










—


for BTG: the Bulgarian state-owned operator performing licensed activities of natural gas transmission and storage,










—


for GASTRADE: owning and developping a LNG facility to be located near Alexandroupolis in Greece.






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.



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.10139 – DESFA / COPELOUZOU / DEPA / GASLOG / BTG / GASTRADE
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’).