Prior notification of a concentration (Case M.10542 – MITSUBISHI / CHUBU ELECTRIC POWER MIRAIZ / MCRE) Candidate case for simplified procedure (Text with EEA relevance) 2021/C 518/03
Date: 2021-12-22
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, electrical energy, electricity supply, energy production, merger control, retail trade








C_2021518EN.01000401.xml










22.12.2021   


EN


Official Journal of the European Union


C 518/4






Prior notification of a concentration
(Case M.10542 – MITSUBISHI / CHUBU ELECTRIC POWER MIRAIZ / MCRE)
Candidate case for simplified procedure
(Text with EEA relevance)
(2021/C 518/03)

1.   
On 14 December 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:






—


Mitsubishi Corporation (Japan),










—


Chubu Electric Power Miraiz (Japan), belonging to the Chubu Electric group,










—


MC Retail Energy (Japan).




Mitsubishi Corporation and Chubu Electric Power Miraiz acquire within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation joint control of the whole of MC Retail Energy.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are:






—


for Mitsubishi Corporation: a global integrated trading company which develops and operates business across a variety of industries. MC is divided into ten business groups: Natural Gas; Industrial Materials; Petroleum & Chemicals Solution; Mineral Resources; Industrial Infrastructure; Automotive & Mobility; Food Industry; Consumer Industry; Power Solution; and Urban Development Group,










—


for Chubu Electric Power Miraiz: a retail supplier of electric power in Japan, belonging to Chubu Electric Group. Chubu Group is a multi-services group based in the Chubu region in Japan, with activities related to electric utility and related enterprises, gas supply and thermal storage brokerage, on-site energy businesses, overseas consulting and investment, real estate management services and IT services,










—


for MC Retail Energy: it is active in the retail supply of electric power in Japan.






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.10542 – MITSUBISHI / CHUBU ELECTRIC POWER MIRAIZ / MCRE
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.