Prior notification of a concentration (Case M.11220 – MITSUI & CO / EUROPEAN ENERGY / KASSØ JV) Candidate case for simplified procedure (Text with EEA relevance) 2023/C 287/03
Date: 2023-08-16
Institutions: Directorate-General for Competition, European Commission
Subjects: development plan, economic concentration, electrical energy, energy production, management, merger control, methanol, provision of services, solar energy, wind energy








C_2023287EN.01000301.xml










16.8.2023   


EN


Official Journal of the European Union


C 287/3






Prior notification of a concentration
(Case M.11220 – MITSUI & CO / EUROPEAN ENERGY / KASSØ JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(2023/C 287/03)

1.   
On 8 August 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:






—


Mitsui & Co., Ltd. (‘Mitsui’, Japan), publicly listed and not controlled by any of its shareholders,










—


EE PV Holding ApS, a wholly-owned subsidiary of European Energy A/S (‘European Energy’, Denmark) which is in turn controlled by Mr. Knud Erik Andersen,










—


Kassø MidCo ApS (‘Kassø’ or ‘JV’, Denmark).




Mitsui and European Energy, jointly the ‘Parties’, will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the Kassø.
The concentration is accomplished by way of purchase of shares.


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






—


Mitsui is a trading, business management and project development company. Mitsui operates worldwide and is active in various sectors, including: (i) iron & steel products; (ii) mineral & metal resources; (iii) infrastructure projects; (iv) mobility; (v) basic chemicals; (vi) performance chemicals; (vii) energy; (viii) food resources; (ix) consumer services; and (x) IT & communication/ corporate development,










—


European Energy provides green energy services by developing and operating infrastructure projects comprising of wind farms, solar parks and ‘Power-to-X’ facilities globally.






3.   

The business activities of Kassø are the production of electricity from a solar power generation plant and the production of e-methanol from a ‘Power-to-X’ facility near Kassø:



4.   
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.


5.   
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.11220 – MITSUI & CO / EUROPEAN ENERGY / KASSØ JV
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.