Prior notification of a concentration (Case M.10505 – CKA / CKI / UKPN) Candidate case for simplified procedure (Text with EEA relevance) 2021/C 458/15
Date: 2021-11-12
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, electricity supply, energy grid, energy production, merger control, real estate business, transport infrastructure, waste management, water management








C_2021458EN.01002401.xml










12.11.2021   


EN


Official Journal of the European Union


C 458/24






Prior notification of a concentration
(Case M.10505 – CKA / CKI / UKPN)
Candidate case for simplified procedure
(Text with EEA relevance)
(2021/C 458/15)

1.   
On 26 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:






—


CK Asset Holdings Limited (‘CKA’, Hong Kong), controlled by CK Hutchinson Holdings Limited,










—


CK Infrastructure Holdings Limited (‘CKI’, Hong Kong),










—


UK Power Networks Holdings Limited (‘UKPN’, the UK).




CKA and CKI acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of UKPN.
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:






—


CKA is a multinational corporation with diverse activities including, inter alia, property development and investment, property and project management, infrastructure and utility asset operation,










—


CKI is a global infrastructure company that has diversified investments in energy infrastructure, transportation infrastructure, water infrastructure, waste management, waste-to-energy, household infrastructure and infrastructure related businesses,










—


UKPN is a distribution network operator which owns and maintains electricity cables and lines across London, the South East and East of England.






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 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.10505 – CKA / CKI / UKPN
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.