Prior notification of a concentration (Case M.11239 – EDF / CREDIT MUTUEL / ILE-DE-FRANCE BUILDING) Candidate case for simplified procedure (Text with EEA relevance) 2023/C 328/07
Date: 2023-09-18
Institutions: Directorate-General for Competition, European Commission
Subjects: France, Ile-de-France, banking, economic concentration, electrical energy, electricity supply, energy production, financial services, gas industry, merger control, provision of services, wholesale trade








C_2023328EN.01001701.xml










18.9.2023   


EN


Official Journal of the European Union


C 328/17







Prior notification of a concentration
(Case M.11239 – EDF / CREDIT MUTUEL / ILE-DE-FRANCE BUILDING)
Candidate case for simplified procedure
(Text with EEA relevance)
(2023/C 328/07)


1.   
On 8 September 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:






—


SAS C91 (France), controlled by Électricité de France (‘EDF’, France),










—


La Française Real Estate Managers (‘La Française’, France), controlled by Caisse Régionale Crédit Mutuel Nord Europe (France), which is itself a member of the Crédit Mutuel group (France),










—


A building located in Ile-de-France (‘the Building’, France).




EDF and Crédit Mutuel will acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the whole of the Building.
The concentration is accomplished by way of purchase of assets.


2.   
The business activities of the undertakings concerned:






—


EDF: active in France and abroad in the generation and wholesale trading of electricity, the transmission, distribution and supply of electricity, the provision of other electricity-related services and, to a lesser extent, in the production and wholesale and retail trading of gas,










—


Crédit Mutuel: active in the provision of banking and financial services, mainly in France. Through its subsidiary, La Française, the Crédit Mutuel group offers real estate management services.






3.   

The Building is an office and retail building located at 111, avenue de France, 75013 Paris, France.



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.11239 – EDF / CREDIT MUTUEL / ILE-DE-FRANCE BUILDING
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.