CELEX: 32021M10382
Language: en
Date: 2021-11-12 00:00:00
Title: Commission Decision of 12/11/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10382 - CDPE / MACQUARIE / BLACKSTONE / ASPI) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels,12.11.2021
                                                                 C(2021) 8274 final
                                                                                PUBLIC VERSION
                                                                 Holding Reti Autostradali S.p.A.
                                                                 via San Marco, 21 A
                                                                 20121 Milan
                                                                 Italy
Subject:        Case M.10382 - CDPE / MACQUARIE / BLACKSTONE / ASPI
                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 15 October 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which CDPE Equity
        S.p.A. ("CDPE", Italy), Macquarie Group Limited (“Macquarie”, Australia) and
        Blackstone Group Inc. (“Blackstone”, USA), through a jointly controlled holding
        vehicle, Holding Reti Autostradali S.p.A., acquire within the meaning of Article
        3(1)(b) of the Merger Regulation joint control of the whole of Autostrade per l'Italia
        S.p.A. (“ASPI”, Italy) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for CDPE: investment in companies of significant national Italian interest,
             for Macquarie: global investment, banking and financial services provider,
             for Blackstone: global alternative asset manager,
             for ASPI: managing more than 3,000 kilometres of toll motorways across Italy
              under long-term concessions granted by the Italian State.
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 432, 26.10.2021, p.5.
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(b) 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)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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