CELEX: 32017M8596
Language: en
Date: 2017-09-05 00:00:00
Title: Commission Decision of 05/09/2017 declaring a concentration to be compatible with the common market (Case No COMP/M.8596 - COLINDALE / GOLDMAN SACHS / JRE) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 5.9.2017
                                                                C(2017) 6101 final
                                                                        PUBLIC VERSION
                                                                To the Notifying Parties
Subject:         Case M.8596 – COLINDALE / GOLDMAN SACHS / JRE
                 Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
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                 No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 11 August 2017, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Colindale
        Investment Private Limited ("Colindale") (Singapore), indirectly controlled by GIC Private
        Limited ("GIC" Singapore), and JLQ2 GK (JLQ2) a wholly-owned subsidiary of The
        Goldman Sachs Group, Inc. ("Goldman Sachs") (USA) acquire within the meaning of
        Article 3(1)(b) of the Merger Regulation joint control of the undertaking GS Renewable
        Holdings GK ("GSRH"), which is the 100% parent of Japan Renewable Energy
        Corporation ("JRE") (Japan) by way of a purchase of shares.3
2.      The business activities of the undertakings concerned are:
        −     Colindale is an investment vehicle managed by GIC Special Investments Private
              Limited ("GICSI"). GICSI is a subsidiary of GIC Private Limited (GIC and together
              with all of GIC’s group companies, the "GIC Group"). GICSI manages a diversified
              global portfolio of investments in private equity, venture capital and infrastructure
              funds, as well as direct investments in private companies;
        −     Goldman Sachs is a global investment banking, securities and investment management
              firm that provides a range of banking, securities and investment services;
        −     JRE is a developer, owner and operator of renewable energy projects with business
              activities solely in Japan.
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 276,19/8/2017, 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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