CELEX: 32015M7490
Language: en
Date: 2015-03-02 00:00:00
Title: Commission Decision of 02/03/2015 declaring a concentration to be compatible with the common market (Case No COMP/M.7490 - MACQUARIE / WREN HOUSE / E.ON SPAIN) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 2.3.2015
                                        C(2015) 1489 final

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To the notifying parties:

Subject:    Case M.7490 - MACQUARIE/ WREN HOUSE/ E.ON SPAIN
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1] and Article 57 of the Agreement on the
         European Economic Area[2]

Dear Madam(s) and/or Sir(s),

 1. On 05.02.2015, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger  Regulation  by
    which the Macquarie European Infrastructure Fund 4 LP ("MEIF4", UK) belonging to the Macquarie Group Limited  ("Macquarie",  Australia)  and
    Wren House Infrastructure Management Ltd. ("Wren House", United Kingdom) belonging  to  the  Kuweit  Investment  Authority  ("KIA",  Kuweit)
    acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control over  E.On  Group's  Spanish  business  ("E.On
    Spain", Spain) by way of purchase of shares.[3]

 2. The business activities of the undertakings concerned are:

      -     Macquarie is an Australian-based investment company with interests in a number of companies in various  industry  sectors,  including
           but not limited to interests in energy utilities in Europe;

      -     Wren House is active in investments in infrastructure on a global level;

      -     E.On Spain is active in the generation and wholesale supply of electricity as well as the retail supply of  electricity  and  gas  in
           Spain.

 3. After examination of the notification, the European Commission has concluded that the notified operation  falls  within  the  scope  of  the
    Merger Regulation and of paragraph 5(c) of the Commission Notice on a simplified procedure for treatment  of  certain  concentrations  under
    Council Regulation (EC) No 139/2004.[4]

 4. For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose  the  notified  operation
    and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b)
    of the Merger Regulation and Article 57 of the EEA Agreement.

                                        For the Commission

                                        (signed)
                                        Alexander ITALIANER
                                        Director-General

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[1]   OJ L 24, 29.1.2004, p. 1 (the "Merger Regulation"). With effect from 1 December 2009, the Treaty on the Functioning of the  European  Union
    ("TFEU") has introduced certain changes, such as the replacement of "Community" by "Union" and "common market"  by  "internal  market".  The
    terminology of the TFEU will be used throughout this decision.

[2]       OJ L 1, 3.1.1994, p.3 ("the EEA Agreement").

[3]   Publication in the Official Journal of the European Union No C 051, 13.02.2015, p. 66.

[4]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE