CELEX: 32021M10330
Language: en
Date: 2021-07-26 00:00:00
Title: Commission Decision of 26/07/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10330 - MASDAR / TAALERI / KYOTO / AUTOHELLAS / JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                               Brussels, 26.07.2021
                                                               C(2021) 5717 final
                                                                               PUBLIC VERSION
                                                               Abu Dhabi Future Energy Company
                                                               PJSC (Masdar)
                                                               P.O. Box 54115, Opposite Presidential
                                                               Flight, Masdar City, Abu Dhabi,
                                                               United Arab Emirates
                                                               Taaleri Energia OY
                                                               Kasarmikatu 21 B,
                                                               00130 Helsinki
                                                               Finland
                                                               KYOTO S.A.
                                                               5 Pentelis Str.,
                                                               175 64 Athens
                                                               Greece
                                                               Autohellas Tourist and Trading S.A.
                                                               31 Viltanioti Str.,
                                                               145 64, Kifissia, Athens
                                                               Greece
Subject:        Case M.10330 ― Masdar/Taaleri/KYOTO/Autohellas/JV
                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 1 July 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertakings Abu Dhabi Future Energy Company PJSC (“Masdar, United Arab
        Emirates), ultimately wholly owned by Mubadala Investment Company PJSC
        (“Mubadala”, United Arab Emirates), Taaleri Energia Ltd. (“Taaleri Energia”,
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’).
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---    Finland), part of the Taaleri Group (Finland), KYOTO S.A. (“KYOTO”, Greece), part
   of the Constantakopoulos Group (Greece) and Autohellas Tourist and Trading Société
   Anonyme (“Autohellas”, Greece), part of the Vassilakis Group (Greece) intend to
   acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation, joint
   control over the Joint Venture (Greece), by way of purchase of shares.3
2. The business activities of the undertakings concerned are:
        — for Masdar: a renewable energy and sustainability company that advances
        solutions in energy, water, urban development and clean technologies in the UAE
        and around the world,
        — for Taaleri Energia: a wind and solar developer and fund manager investing
        in utility scale wind farms and solar plants,
        — for KYOTO: the development of real estate and energy projects,
        — for Autohellas: a company active in the market of car rental, import and
        trade,
        — for the Joint Venture: the development, financing, construction, operation
        and maintenance of the Asopia Solar Power Plant project on a long term and
        reliable basis.
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) and 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
3  Publication in the Official Journal of the European Union No C 277, 12.7.2021, p. 4.
4  OJ C 366, 14.12.2013, p. 5.
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