Prior notification of a concentration (Case M.11222 – MITSUI / EDF / FORSEE POWER / NEoT) Candidate case for simplified procedure (Text with EEA relevance) 2023/C 316/07
Date: 2023-09-06
Institutions: Directorate-General for Competition, European Commission
Subjects: business administration, economic concentration, electrical energy, electricity storage device, electricity supply, energy production, merger control, sustainable mobility, wholesale selling








C_2023316EN.01001001.xml










6.9.2023   


EN


Official Journal of the European Union


C 316/10







Prior notification of a concentration
(Case M.11222 – MITSUI / EDF / FORSEE POWER / NEoT)
Candidate case for simplified procedure
(Text with EEA relevance)
(2023/C 316/07)


1.   
On 29 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),










—


EDF Pulse Holding S.A.S., controlled by EDF S.A. (‘EDF’, France),










—


Forsee Power S.A. (‘Forsee Power’, France),










—


NEoT Capital S.A.S. (‘NEoT’, France), currently jointly controlled by EDF and Forsee Power.




Mitsui will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of NEoT, which will post-Transaction be jointly controlled by Mitsui, EDF and Forsee Power.
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, which operates worldwide and is active in a variety of sectors,










—


EDF is active on the electricity markets, in particular, in electricity production and wholesale, trading and supply, mainly in France,










—


Forsee Power is active in the fields of project financing in the fields of energy and mobility, and design, development and manufacture of smart battery systems for sustainable electromobility applications in the transport industry,










—


NEoT is active in the fields of energy consulting and asset management.






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.11222 – MITSUI / EDF / FORSEE POWER / NEoT
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.