Prior notification of a concentration (Case M.10882 – IRCP / CDC / ADTIM GROUP) Candidate case for simplified procedure (Text with EEA relevance) 2022/C 404/09
Date: 2022-10-20
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, financial institution, merger control, services of general interest, telecommunications equipment








C_2022404EN.01003701.xml










20.10.2022   


EN


Official Journal of the European Union


C 404/37






Prior notification of a concentration
(Case M.10882 – IRCP / CDC / ADTIM GROUP)
Candidate case for simplified procedure
(Text with EEA relevance)
(2022/C 404/09)

1.   
On 12 October 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:






—


InfraRed Capital Partners Limited (‘IRCP’, UK), ultimately controlled by Sun Life Financial Inc (Canada),










—


Caisse des dépôts et consignations (CDC’, France),










—


ADTIM SAS (‘ADTIM’, France), and its subsidiary ADTIM FTTH SAS (‘ADTIM FTTH’, France), (together ‘ADTIM Group’).




IRCP and CDC will acquire within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation joint control of ADTIM Group.
The concentration is accomplished by way of purchase of shares.


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






—


IRCP is a global investment manager,










—


CDC is a French public sector financial institution, with a special legal status, that fulfils missions of general interest in support of public policies. CDC is also active in open-market business activities, mainly in four divisions: (i) environment and energy, (ii) real estate, (iii) capital investment and (iv) services,










—


ADTIM Group is active in the fibre deployment sector in France. ADTIM Group concluded public services delegation agreements to build and operate a broadband and ultra-broadband internet network in the French departments of Drôme and Ardèche.






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.10882 – IRCP / CDC / ADTIM GROUP
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.