Prior notification of a concentration (Case M.10835 – ALLIANZ / DALMORE / AMBER / TIDEWAY) Candidate case for simplified procedure (Text with EEA relevance) 2022/C 285/06
Date: 2022-07-26
Institutions: Directorate-General for Competition, European Commission
Subjects: United Kingdom, economic concentration, financial services, insurance, investment company, merger control, tunnel, wastewater, water treatment








C_2022285EN.01000701.xml










26.7.2022   


EN


Official Journal of the European Union


C 285/7






Prior notification of a concentration
(Case M.10835 – ALLIANZ / DALMORE / AMBER / TIDEWAY)
Candidate case for simplified procedure
(Text with EEA relevance)
(2022/C 285/06)

1.   
On 18 July 2022, 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:






—


Amber Infrastructure Group Limited (UK), a subsidiary of Amber Infrastructure Group Holdings Limited (‘Amber’, (UK)),










—


Allianz Capital Partners GmbH (Germany), belonging to Allianz Group (Germany),










—


Dalmore Capital Limited (UK) (‘Dalmore’),










—


Bazalgette Equity Limited (UK) (together with its subsidiaries, ‘Tideway’ (UK)).




Amber, Allianz Group and Dalmore will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Tideway.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are the following:






—


Amber is an international sponsor and manager of infrastructure focused on long-term, lower risk, cash flow generative investments,










—


Allianz Group is a global financial services group active in insurance and asset management,










—


Dalmore is an independent fund manager focusing on lower risk opportunities for institutional investors in the UK infrastructure sector,










—


Tideway is an entity granted a Licence under the Water Industry Act 1991 (of England and Wales) in 2015 to act as the infrastructure provider responsible for the design, construction, commissioning and maintenance of the Thames Tideway Tunnel, a 25km long tunnel running under London for the purposes of carrying sewerage, complemented by several connecting tunnels.






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.10835 – ALLIANZ / DALMORE / AMBER / TIDEWAY
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.