Prior notification of a concentration (Case M.11600 – GIP / CPPIB / ALLETE) – Candidate case for simplified procedure
Date: 2024-07-24
Institutions: Directorate-General for Competition, European Commission
Subjects: United States, consultancy, digital infrastructure supply, economic concentration, electrical energy, energy production, gas supply, investment company, merger control, waste management, water management








C_202404688EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2024/4688


24.7.2024






Prior notification of a concentration
(Case M.11600 – GIP / CPPIB / ALLETE)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2024/4688)


1.   
On 16 July 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:






—


Funds managed by Global Infrastructure Management LLC (‘GIM’, together with their subsidiaries, affiliates and other entities managed or advised by GIM the ‘GIP Funds’, all United States),










—


Canada Pension Plan Investment Board (‘CPPIB’, Canada),










—


ALLETE, Inc. (United States).




GIP Funds and CPPIB will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of ALLETE.
The concentration is accomplished by way of public bid announced on 6 May 2024, and by way of purchase of shares.


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






—


GIM is a global independent infrastructure fund manager headquartered in New York, United States, that provides management services and advice to certain investment funds affiliated with GIM (the GIP Funds) that invest primarily in transportation, energy, waste, water, and digital infrastructure sectors,










—


CPPIB is a professional investment management organization.






3.   

ALLETE is an energy company and provider of energy in the United States.



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.11600 – GIP / CPPIB / ALLETE
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/2024/4688/oj
ISSN 1977-091X (electronic edition)