CELEX: 32020M9678
Language: en
Date: 2020-01-09 00:00:00
Title: Commission Decision of 09/01/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9678 - KEPPEL INFRASTRUCTURE / MET CAPITAL / MET) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                             Brussels, 09.01.2020
                                                             C(2020) 123 final
                                                                                PUBLIC VERSION
                                                             To the notifying parties
Subject:        Case M.9678 – KEPPEL INFRASTRUCTURE / MET CAPITAL / MET
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 6 December 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertakings Keppel Infrastructure Holdings Pte. Ltd. (“Keppel Infrastructure”,
        Singapore) and MET Capital Partners AG (“MET Capital”, Switzerland) acquire
        within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control
        of the whole of MET Holding AG (“MET”, Switzerland), controlled by MET Capital,
        by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
        −     Keppel Infrastructure controls a group of companies active in the fields of energy
              and environmental infrastructure.
        −     MET Capital holds participations in entities in the energy sector.
        −     MET is an integrated European energy company, headquartered in Switzerland,
              with diversified activities through its subsidiaries in natural gas, LNG/LPG,
              power and oil, focused on multi-commodity wholesale, trading and sales, as well
              as energy infrastructure and industrial assets.
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 419, 12.12.2019, p. 17.
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(b) 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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