Prior notification of a concentration (Case M.11580 – EDF / GENERALI / PARCOLOG) – Candidate case for simplified procedure
Date: 2024-06-19
Institutions: Directorate-General for Competition, European Commission
Subjects: France, economic concentration, electrical energy, electricity supply, energy production, energy transport, insurance, logistics, merger control, storage








C_202403929EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2024/3929


19.6.2024






Prior notification of a concentration
(Case M.11580 – EDF / GENERALI / PARCOLOG)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2024/3929)


1.   
On 12 June 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:






—


Electricité de France SA (‘EDF’, France),










—


Assicurazioni Generali S.p.A. (‘Generali’, Italy),










—


Parcolog Invest SPPICAV (‘Parcolog’, France), controlled by Generali.




EDF and Generali will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Parcolog.
The concentration is accomplished by way of purchase of shares.


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






—


EDF is active worldwide in all fields of production, supply and transport of electricity. EDF is also active in the provision of other electricity-related services as well as in the gas sector.










—


Generali is is the ultimate parent company of an international group of companies mainly active in the insurance and financial sectors.






3.   

The business activities of the undertaking Parcolog are the following: owning and letting logistic warehouses around Paris, Lille, Lyon, Marseille and Le Mans.



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.11580 – EDF / GENERALI / PARCOLOG
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/2024/3929/oj
ISSN 1977-091X (electronic edition)