Prior notification of a concentration (Case M.11200 – MSI / VALORIZA) Candidate case for simplified procedure (Text with EEA relevance) 2023/C 256/14
Date: 2023-07-21
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, green area, investment bank, investment company, merger control, provision of services, urban infrastructure, waste disposal, waste recycling








C_2023256EN.01002101.xml










21.7.2023   


EN


Official Journal of the European Union


C 256/21






Prior notification of a concentration
(Case M.11200 – MSI / VALORIZA)
Candidate case for simplified procedure
(Text with EEA relevance)
(2023/C 256/14)

1.   
On 14 July 2023, 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:






—


Morgan Stanley Infrastructure Inc. (‘MSI’, United States), controlled by Morgan Stanley (‘Morgan Stanley’, United States),










—


Valoriza Servicios Medioambientales, S.A. (‘Valoriza’, Spain), controlled by Sacyr, S.A. (Spain).




MSI will acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of Valoriza.
The concentration is accomplished by way of purchase of shares.


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






—


MSI invests in infrastructure assets. MSI is a subsidiary of Morgan Stanley, which is a global financial services firm providing investment banking, securities, wealth management and investment management services,











—


Valoriza specialises in the collection, treatment, recycling and management of waste including construction and demolition debris and the production of electricity and gas as a result of such activities, control of urban street mobility of vehicles, urban infrastructure directly related to the foregoing activities, urban street cleaning and care of urban green spaces in Spain, Australia and Colombia.






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.11200 – MSI / VALORIZA
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu
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.