Prior notification of a concentration (Case M.11361 – EDP / MASAVEU / ABOÑO GENERACIONES ELÉCTRICAS) – Candidate case for simplified procedure
Date: 2023-11-30
Institutions: Directorate-General for Competition, European Commission
Subjects: economic concentration, electrical energy, electricity supply, energy distribution, energy production, energy transport, gas supply, holding company, merger control, power plant








C_202301336EN.000101.fmx.xml












Official Journal of the European Union


EN
Series C













C/2023/1336


30.11.2023






Prior notification of a concentration
(Case M.11361 – EDP / MASAVEU / ABOÑO GENERACIONES ELÉCTRICAS)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2023/1336)


1.   
On 22 November 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:






—


Energias de Portugal, S.A. (‘EDP’, Portugal),










—


Corporación Masaveu, S.A. (‘Masaveu’, Spain), ultimately controlled by Mr. Fernando Masaveu,










—


Aboño Generaciones Eléctricas, S.L.U. (‘Aboño’, Spain), currently controlled by EDP.




EDP and Masaveu will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the whole of Aboño.
The concentration is accomplished by way of purchase of shares.


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






—


for EDP: a company focused on the generation, transmission, distribution and supply of electricity and natural gas. EDP is the sole shareholder of Aboño, and










—


for Masaveu: a holding company which counts with a diversified portfolio of varied strategic business that encompasses industrial, healthcare, wine, financial and energy sectors.






3.   

The business activity of Aboño is the production of electricity through conventional cycle thermoelectric power plants.



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 treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (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.11361 – EDP / MASAVEU / ABOÑO GENERACIONES ELÉCTRICAS
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 160, 5.5.2023, p. 1.


ELI: http://data.europa.eu/eli/C/2023/1336/oj
ISSN 1977-091X (electronic edition)