CELEX: 32013M7046
Language: en
Date: 2013-10-11 00:00:00
Title: Commission Decision of 11/10/2013 declaring a concentration to be compatible with the common market (Case No COMP/M.7046 - PARKWIND / SUMMIT RENEWABLE ENERGY BELWIND 1 / BELWIND) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 11/11/2013
                                        C(2013) 7902 final

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|To the notifying parties:                                          |                                                                   |

Dear Madam(s) and/or Sir(s),

Subject:    Case No COMP/M.7046 – PARKWIND/ SUMMIT RENEWABLE ENERGY BELWIND 1/ BELWIND
         Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004[1]

 1. On 11.10.2013, the European Commission received notification of a proposed concentration pursuant to Article 4 of the  Merger  Regulation  by
    which Parkwind NV ("Parkwind", Belgium) and Summit renewable Energy Belwind 1 ("Summit", UK) acquire within the meaning of Article 3(1)(b) of
    the Merger Regulation joint control over the undertaking Belwind NV ("Belwind", Belgium) by way of purchase of shares.

 2. The business activities of the undertakings concerned are:

      - Parkwind is currently active in the field of wind energy  generation  plants.  It  is  an  investment  and  development  vehicle  jointly
      controlled by the Korys/Colruyt Group and PMV, which are active in the retail of daily consumer goods and the retail sale of motor  vehicle
      fuel in specialised stores and in investments in several areas including energy, respectively.

      - Summit was set up as an SPV for the purposes of the concentration and is a wholly owned indirect subsidiary of the Sumitomo Group,  which
      is an integrated trading company which provides a comprehensive range of goods and services  in  Japan  and  around  the  world,  including
      exploration and upstream production and sale of natural gas and oil, chemicals and electronics.

      - Belwind is active in the development and promotion of wind farms, namely operating  an  offshore  wind  farm  in  the  Belgian  Exclusive
      Economic Zone in the North Sea[2].

 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[3].

 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.

                                        For the Commission

                                        (Signed),
                                        Alexander ITALIANER
                                        Director General
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[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]   Publication in the Official Journal of the European Union No C 302, 18.10.2013, p.13.
[3]   OJ C 56, 5.3.2005, p. 32.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE