CELEX: 32021M10505
Language: en
Date: 2021-11-23 00:00:00
Title: Commission Decision of 23/11/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10505 - CKA / CKI / UKPN) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 23.11.2021
                                                                C(2021) 8635 final
                                                                                 PUBLIC VERSION
                                                                CK Asset Holdings Limited
                                                                7th Floor, Cheung Kong Center
                                                                2 Queen's Road Central
                                                                Hong Kong
                                                                CK Infrastructure Holdings Limited
                                                                12th Floor, Cheung Kong Center
                                                                2 Queen’s Road Central
                                                                Hong Kong
Subject:         Case M.10505 – CKA / CKI / UKPN
                 Commission decision pursuant to Article 6(1)(b) of Council Regulation
                 (EC) No 139/20041 and Article 57 of the Agreement on the European
                 Economic Area2
Dear Sir or Madam,
1.      On 26 October 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which CK Asset
        Holdings Limited (“CKA”, Hong Kong) and CK Infrastructure Holdings Limited
        (“CKI”, Hong Kong), controlled by CK Hutchinson Holdings Limited (Hong Kong),
        acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint
        control over the whole of the undertaking UK Power Networks Holdings Limited
        (“UKPN”, the UK) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             CKA is a multinational corporation with diverse activities including, inter alia,
              property development and investment, property and project management,
              infrastructure and utility asset operation,
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 458, 12.11.2021, p. 24.
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---        CKI is a global infrastructure company that has diversified investments in energy
        infrastructure,     transportation infrastructure,    water   infrastructure, waste
        management, waste-to-energy, household infrastructure and infrastructure related
        businesses,
       UKPN is a distribution network operator which owns and maintains electricity
        cables and lines across London and the South East and East of England.
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)
                                                      Olivier GUERSENT
                                                      Director-General
4  OJ C 366, 14.12.2013, p. 5.
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