Prior notification of a concentration (Case M.11971 – EQUITIX / BALTIC CABLE / GREENLINK) – Candidate case for simplified procedure
Date: 2025-06-13
Institutions: Directorate-General for Competition, European Commission
Subjects: Ireland, United Kingdom, economic concentration, electric cable, electrical energy, energy distribution, energy grid, investment company, merger control, sea-bed








C_202503322EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2025/3322


13.6.2025






Prior notification of a concentration
(Case M.11971 – EQUITIX / BALTIC CABLE / GREENLINK)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2025/3322)


1.   
On 2 June 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:






—


Equitix Holdings Limited (‘Equitix’, United Kingdom),










—


Baltic Cable AB (‘Baltic Cable’, Sweden), controlled by Statkraft AS (‘Statkraft’, Norway), and










—


Greenlink (Luxembourg) S.à r.l. (‘Greenlink’, Luxembourg).




Equitix and Baltic Cable will acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of Greenlink.
The concentration is accomplished by way of purchase of shares.


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






—


Equitix is an investor, developer and long-term fund manager of core infrastructure and energy-efficiency assets, that manages infrastructure funds and co-investment funds dedicated to larger infrastructure projects, and segregated managed accounts providing customised solutions,










—


Baltic Cable is the sole owner of the subsea 600 MW high voltage direct current Baltic Cable interconnector linking the German and Swedish electricity markets, and










—


Greenlink owns and operates a subsea and underground electricity interconnector cable with associated converter stations linking the existing electricity grids in Ireland and Great Britain.






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.11971 – EQUITIX / BALTIC CABLE / GREENLINK
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/2025/3322/oj
ISSN 1977-091X (electronic edition)