CELEX: 32017M8413
Language: en
Date: 2017-04-10 00:00:00
Title: Commission Decision of 10/04/2017 declaring a concentration to be compatible with the common market (Case No COMP/M.8413 - ENGIE / OMNES CAPITAL / PREDICA / ENGIE PV BESSE / ENGIE PV SANGUINET) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                     
                  
               
               Brussels, 10/04/2017
               C(2017) 2489 final
            
            
            
               To the Notifying Parties
            
            
            
               Subject:Case M.8413 - ENGIE / OMNES CAPITAL / PREDICA / ENGIE PV BESSE / ENGIE PV SANGUINET
                  Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004
                  1
                and Article 57 of the Agreement on the European Economic Area
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               Dear Sir or Madam,
            
            
               1.On 17 March 2017, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which Futures Energies Investissements Holdings ("FEIH", of France), which is jointly controlled by Engie S.A. ("Engie", of France), Omnes Capital (of France) and Prédica Prévoyance Dialogue du Crédit Agricole ("Prédica", of France) belonging to Groupe Crédit Agricole ("GCA", of France), acquires within the meaning of Article 3(1)(b) of the Merger Regulation control over the whole of Engie PV Besse ("Besse", of France) and Engie PV Sanguinet ("Sanguinet", of France), by way of purchase of shares.
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               2.The business activities of the undertakings concerned are:
            
            
                  –
                     for Engie: active across the entire energy-value chain in the fields of gas, electricity and energy services;
            
            
                  –
                     for Omnes Capital: independent asset management company active in several branches of private equity, notably in the renewable energy sector; 
            
            
                  –
                     for Prédica: active in the insurance sector, Prédica belongs to GCA that offers a broad range of banking and insurance services; 
            
            
                  –
                     for Besse: photovoltaic power plant active in the generation of electricity in France; 
            
            
                  –
                     for Sanguinet: photovoltaic power plants active in the generation of electricity in France.
            
            
               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.
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               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
            
         
         
            
                  
                     (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 094, 25/03/2017, p. 14.
               
               
                  
                     (4)
                  
                  
                      
                           OJ C 366, 14.12.2013, p. 5.