Prior notification of a concentration (Case M.11128 – IBERDROLA / BP / JV) (Text with EEA relevance) 2023/C 344/18
Date: 2023-09-29
Institutions: Directorate-General for Competition, European Commission
Subjects: digital transformation, economic concentration, electric vehicle, electricity storage device, energy industry, extraction of oil, gas industry, land transport, merger control, renewable energy








C_2023344EN.01022701.xml










29.9.2023   


EN


Official Journal of the European Union


C 344/227







Prior notification of a concentration
(Case M.11128 – IBERDROLA / BP / JV)
(Text with EEA relevance)
(2023/C 344/18)


1.   
On 21 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:






—


Iberdrola Clientes, S.A.U (Spain) and Iberdrola Clientes Portugal, Unipessoal, Lda (Portugal), controlled by Iberdrola, S.A. (‘Iberdrola’, Spain),










—


BP Energía España, S.A.U. (Spain) and BP Portugal, Comércio de Combustíveis e Lubrificantes, S.A. (Portugal), controlled by BP, p.l.c. (‘BP’, UK).




Iberdrola and BP will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of a full-function joint venture newly incorporated in Spain (the ‘JV’).
The concentration is accomplished by way of purchase of shares in a newly created company constituting a joint venture.


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






—


for Iberdrola: a global integrated energy company active in the energy sector throughout its entire value chain, with a particular focus on the integration, commercialisation and distribution of renewable energy,










—


for BP: an integrated company with operations in Europe, North and South America, Australia, Asia and Africa, focused around four business groups: (i) production and operations of hydrocarbons (oil and gas); (ii) customers and products; (iii) gas and low carbon energy (including renewables and integrated gas); and (iv) innovation and engineering for driving digital transformation.






3.   

The business activities of the JV will be the installation, operation and maintenance of a public network of electric vehicle (‘EV’) charging stations with charging speeds in excess of 50 kW in Spain and Portugal.



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.



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.11128 – IBERDROLA / BP / JV
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: mailto: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’).