CELEX: 32018M9143
Language: en
Date: 2018-12-10 00:00:00
Title: Commission Decision of 10/12/2018 declaring a concentration to be compatible with the common market (Case No COMP/M.9143 - CapMan Infra Lux Management S.a.r.l / NH-Amundi Asset Management Co., Ltd. / Green Investment Group Limited / Cloud Snurran AB) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                             Brussels, 10.12.2018
                                                             C(2018) 8770 final
                                                                      PUBLIC VERSION
                                                             To the notifying parties
Subject:        Case M.9143 - CAPMAN / NH-AMUNDI / GREEN INVESTMENT GROUP /
                CLOUD SNURRAN
                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 16 November 2018, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the companies
        CapMan plc ("Capman", Finland), NH-Amundi Asset Management Co. Ltd. ("NH-
        Amundi", Korea), jointly controlled by NongHyup Financial Group (ultimately owned by
        the Korean National Agricultural Cooperative Federation) and Amundi Asset Management
        (ultimately owned by Crédit Agricole Group), and Green Investment Group ("GIG", the
        UK), controlled by Macquarie Group Limited, acquire, within the meaning of Article
        3(1)(b) and 3(4) of the Merger Regulation, indirect joint control over Cloud Snurran
        (Sweden) by way of purchase of shares in a newly created company constituting a joint
        venture (JV).3
2.      The business activities of the undertakings concerned are:
        –          Capman is a Nordic investment and specialised asset management undertaking;
        –          NH-Amundi is an asset management company, which provides investment trust
                   and mutual fund management for all types of investments;
        –          GIG specialises in green energy principal investment, project delivery and
                   portfolio management and related servcies;
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 429, 28.11.2018, 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---    –         Cloud Snurran is the JV that will develop, construct and operate an onshore wind
             farm in Sweden.
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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