Prior notification of a concentration (Case M.10536 – TotalEnergies/Three Gorges Corporation/JV) Candidate case for simplified procedure (Text with EEA relevance) 2021/C 480/09
Date: 2021-11-29
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, electric vehicle, energy industry, gas industry, hydraulic energy, investment company, merger control, oil industry, renewable energy, subsidiary








C_2021480EN.01000901.xml










29.11.2021   


EN


Official Journal of the European Union


C 480/9






Prior notification of a concentration
(Case M.10536 – TotalEnergies/Three Gorges Corporation/JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(2021/C 480/09)

1.   
On 19 November 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:






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TotalEnergies S.E. (‘TotalEnergies’, France),










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Three Gorges Corporation (‘3G’, China),










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JV (China).




TotalEnergies, through Total (China) Investment Co., Ltd (‘Total China’) and 3G, through Three Gorges Capital Holdings Co. Ltd. and Three Gorges Electric Energy Co. Ltd., acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the JV.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are:






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for TotalEnergies: a publicly traded broad energy company headquartered in Paris. Total China, a wholly owned subsidiary of TotalEnergies, operates business in various sectors in China, including the petroleum and natural gas explaration and production, renewable energies (e.g. solar energy), refining and chemicals etc.,










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for 3G: a Chinese solely state-owned enterprise (‘SOE’), headquartered in Wuhan, China. 3G is primarily active in the development, construction and operation of hydropower projects and other renewable energy projects, such as wind power, solar energy and utilization of water resources. 3G is ultimately held and supervised by The State-owned Assets Supervision and Administration Commission of the State Council of China,










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for JV: based in Wuhan, Hubei Province, China, it will invest in, build and operate a small charging network for electric vehicles and engage in third party charging platform services. It will be active in Wuhan and Yichang and potentially other provinces in China in the future.






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.10536 – TotalEnergies/Three Gorges Corporation/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.