Prior notification of a concentration (Case M.12079 – NEOENERGIA / WARRINGTON / ITABAPOANA) – Candidate case for simplified procedure
Date: 2025-07-15
Institutions: Directorate-General for Competition, European Commission
Subjects: Brazil, economic concentration, electrical energy, electricity supply, energy distribution, energy production, energy transport, investment company, merger control








C_202503955EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2025/3955


15.7.2025






Prior notification of a concentration
(Case M.12079 – NEOENERGIA / WARRINGTON / ITABAPOANA)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2025/3955)


1.   
On 7 July 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:






—


Neoenergia, S.A. (‘Neoenergia’, Brazil), controlled by Iberdrola S.A. (‘Iberdrola’, Spain),










—


Warrington Investment Pte. Ltd. (‘Warrington’, Singapore), controlled by GIC (Ventures) Pte. Ltd. (‘GIC’, Singapore),










—


Neoenergia Itabapoana Transmissão de Energia, S.A. (‘Itabapoana’, Brazil), currently solely controlled by Neoenergia.




Neoenergia and Warrington, through their full-function joint venture Neoenergia Transmissão, S.A. (‘Neoenergia Transmissão’, Brazil), will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of Itabapoana.
The concentration is accomplished by way of purchase of shares.


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






—


Neoenergia is active in the generation, transmission, commercialization, and distribution of electricity in Brazil. Iberdrola is active in the generation, transmission, commercialization, and distribution of electricity in Spain, Brazil and worldwide,










—


Warrington is a nominated investment vehicle of GIC. GIC is active in the management of a diversified global portfolio of investments in private equity, venture capital and infrastructure as well as direct investment in private companies,










—


Itabapoana is active in the transmission of electricity in Brazil.






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.12079 – NEOENERGIA / WARRINGTON / ITABAPOANA
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/2025/3955/oj
ISSN 1977-091X (electronic edition)