Prior notification of a concentration (Case M.11449 – TELEFONICA BRASIL / AUREN COMERCIALIZADORA / JV) – Candidate case for simplified procedure
Date: 2024-01-24
Institutions: Directorate-General for Competition, European Commission
Subjects: Brazil, cloud computing, economic concentration, electrical energy, energy industry, energy market, merger control, provision of services, telecommunications








C_202401054EN.000101.fmx.xml












Official Journal of the European Union


EN
Series C













C/2024/1054


24.1.2024






Prior notification of a concentration
(Case M.11449 – TELEFONICA BRASIL / AUREN COMERCIALIZADORA / JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2024/1054)


1.   
On 16 January 2024, 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:






—


Telefônica do Brasil S.A. (‘Telefonica Brasil’, Brazil), belonging to the Telefonica Group (Spain);










—


Auren Comercializadora de Energia Ltda (‘Auren Comercializadora’, Brazil), jointly controlled by Votorantim S.A. (Brazil) and CPP Investments (Canada);










—


A newly created joint venture (‘Target JV’, Brazil).




Telefonica Brasil and Auren Comercializadora acquire, within the meaning of Article 3(1), point (b) and Article 3(4) of the Merger Regulation, joint control of the Target 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:






—


Telefonica Brasil is active in the provision of telecommunication services, as well as other services, related to the internet of things and cloud storage services, in Brazil,










—


Auren Comercializadora is active in the electricity trading market in Brazil.






3.   

The Target JV will be active in the commercialization of customised energy solutions in Brazil.



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.11449 – TELEFONICA BRASIL / AUREN COMERCIALIZADORA / 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 160, 5.5.2023, p. 1.


ELI: http://data.europa.eu/eli/C/2024/1054/oj
ISSN 1977-091X (electronic edition)