Prior notification of a concentration (Case M.12393 – PPC / METLEN / JV) – Candidate case for simplified procedure
Date: 2026-05-06
Institutions: Directorate-General for Competition, European Commission
Subjects: Bulgaria, Italy, Romania, economic concentration, electrical energy, electricity supply, energy production, energy storage, joint venture, merger control, metallurgical industry








C_202602615EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2026/2615


6.5.2026






Prior notification of a concentration
(Case M.12393 – PPC / METLEN / JV)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2026/2615)


1.   
On 27 April 2026, 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:






—


Public Power Corporation S.A. (‘PPC’, Greece),










—


Metlen Energy & Metals Single Member S.A. (‘Metlen’, Greece),










—


Joint venture to be incorporated in Greece (‘JV’).




PPC and Metlen will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of the JV.
The concentration is accomplished by way of purchase of shares in a newly created company constituting the JV.


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






—


PPC is active in the generation, wholesale, and retail of electricity, operating in Southeastern Europe, primarily in Greece,










—


Metlen is active in metallurgy and mining, EPC (Engineering, Procurement, and Construction) projects, electricity generation and wholesale supply of electricity, and defence vehicle manufacturing.






3.   

The business activities of the JV will be the following: operating several Battery Electricity Storage System (‘BESS’) facilities in Bulgaria, Italy, and Romania. Each BESS will operate in the respective electricity markets.



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 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.12393 – PPC / METLEN / JV
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/2026/2615/oj
ISSN 1977-091X (electronic edition)