CELEX: 32021M10174
Language: en
Date: 2021-03-25 00:00:00
Title: Commission Decision of 25/03/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10174 - MACQUARIE / ABERDEEN / UCLES JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 25.03.2021
                                                                C(2021) 2122 final
                                                                                 PUBLIC VERSION
                                                                Pentacom Investment (UK) Holdco
                                                                Limited
                                                                Ropemaker Place
                                                                28 Ropemaker Street
                                                                EC2Y 9HD – London
                                                                United Kingdom
                                                                Aberdeen Standard European
                                                                Infrastructure GP IV Limited
                                                                Bow Bells House, 1 Bread Street
                                                                EC4M 9HH – London
                                                                United Kindgom
Subject:        Case M.10174 - MACQUARIE / ABERDEEN / UCLES JV
                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 03 March 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Pentacom
        Investments (UK) Holdco Limited (‘Macquarie’, UK), belonging to the Macquarie
        Group and Aberdeen Standard European Infrastructure GP IV Limited (‘Aberdeen’,
        UK), belonging to the Aberdeen Group acquire within the meaning of Article 3(1)(b)
        and 3(4) of the Merger Regulation joint control Ucles InfraCo, S.L. (‘Ucles’, Spain)
        by way of purchase of shares.3
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 87,15.03.2021, p.9.
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--- 2. The business activities of the undertakings concerned are:
       for Macquarie: global investment bank and financial services provider covering
        resources and commodities, green energy, conventional energy, financial
        institutions, infrastructure and real estate;
       for Aberdeen : asset manager active in sectors including transportation, social
        infrastructure, waste and water treatment and clean energy production networks;
       for Ucles: wholesale supply of broadband access services 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)
                                                      Olivier GUERSENT
                                                      Director-General
4  OJ C 366, 14.12.2013, p. 5.
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