CELEX: 32019M9397
Language: en
Date: 2019-08-14 00:00:00
Title: Commission Decision of 14/08/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9397 - Mirova / GE / Desarrollo Eólico Las Majas) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 14.08.2019
                                                                C(2019) 6152 final
                                                                                 PUBLIC VERSION
                                                                To the notifying party
Subject:        Case M.9397 – MIROVA / GE / DESARROLLO EOLICO LAS MAJAS
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 23 July 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertakings Mirova, acting as management company of Mirova-Eurofideme 3
        (France), ultimately owned by Banque Populaire Caisse d'épargne ("BPCE", France),
        and General Electric Company ("GE", United States), acquire within the meaning of
        Article 3(1)(b) of the Merger Regulation joint control of Desarrollo Eólico Las Majas
        XIX, S.L.U. (Spain), controlled by the Forestalia group, by way of purchase of
        shares.3
2.      The business activities of the undertakings concerned are:
             Mirova is a French venture capital fund which focuses on responsible investment
              managing funds for institutional investors in various asset classes, inter alia
              renewable energy and core infrastructures, sustainable equities and green bonds,
             GE is a global manufacturing, technology and services company. The core
              activity of its business unit GE Energy Financial Services is investment in the
              energy sector. Its business unit GE Renewable Energy supplies products and
              services to wind, hydro and solar power generation customers, including
              manufacturing and servicing of wind turbines,
             Desarrollo Eólico Las Majas XIX is a holding company, which will own three
              windfarm projects in Aragon, Spain.
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 257, 31.7.2019, p. 15.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.
 ---pagebreak--- 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)
                                                  Johannes LAITENBERGER
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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