Prior notification of a concentration (Case M.11915 – EDFT / JERA / POWERCO) – Candidate case for simplified procedure
Date: 2025-02-24
Institutions: Directorate-General for Competition, European Commission
Subjects: Japan, economic concentration, electrical energy, energy production, merger control, natural gas, petroleum, thermal energy, wholesale trade








C_202501369EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2025/1369


24.2.2025






Prior notification of a concentration
(Case M.11915 – EDFT / JERA / POWERCO)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2025/1369)


1.   
On 14 February 2025, 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:






—


EDF Trading Limited (‘EDFT’, United Kindgom), belonging to the EDF group (France),










—


JERA Co., Inc. (‘JERA’, Japan),










—


EDF Trading Japan KK., Inc. (‘EDFT Japan’, Japan), belonging to the EDF group,










—


JERA Power Trading co., (‘JV Co’, Japan), controlled by JERA.




EDFT and JERA will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of parts of EDFT Japan and of JV Co.
The concentration is accomplished by way of a combination of purchase of shares and purchase of assets.


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






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EDFT is active in the wholesale energy markets, specialising in the trading and optimisation of various energy commodities, including electricity, natural gas, oil, and environmental products,










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JERA is Japan's largest power generation company, primarily focused on thermal power generation using liquefied natural gas,










—


EDFT Japan is EDFT’s vehicle for wholesale electricity trading in Japan,










—


JV Co is JERA’s vehicle for wholesale electricity trading in Japan.






3.   
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.


4.   
The Commission invites interested third parties to submit their possible observations on the proposed concentration 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.11915 – EDFT / JERA / POWERCO
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/2025/1369/oj
ISSN 1977-091X (electronic edition)