CELEX: 32019M9306
Language: en
Date: 2019-04-15 00:00:00
Title: Commission Decision of 15/04/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9306 - ENGIE S.A. / Caisse de dépôt et placement du Québec / Transportadora Associada de Gás S.A.) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 15.4.2019
                                                                C(2019) 3082 final
                                                                        PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9306 — ENGIE/CDPQ/TAG
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
                                1                                                                             2
                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 21 March 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which ENGIE S.A.
        (‘ENGIE’, France) and Caisse de Dépôt et Placement du Québec - (‘CDPQ’, Canada)
        acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the
        whole of Transportadora Associada de Gás S.A - (‘TAG’, Brazil). The concentration is
        accomplished by way of purchase of shares. 3
2.      The business activities of the undertakings concerned are:
        - for ENGIE: a French global energy company active throughout the energy-value chain
             in the fields of gas and electricity supply, as well as energy services,
        - for CDPQ: a globally active Canadian long-term institutional investor managing funds
             primarily for public and para-public pension and insurance plans. It holds investments
             in financial markets, private equity, infrastructure and real estate,
        - for TAG: a Brazilian-based company which operates and manages a natural gas
             pipeline located in the North and Northeastern regions of Brazil
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 116, 28.03.2019, p. 3.
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(a) 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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