CELEX: 32019M9230
Language: en
Date: 2019-02-04 00:00:00
Title: Commission Decision of 04/02/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9230 - InfraRed Capital Partners (Management) LLP / Allianz Infrastructure Luxembourg I S.à r.l. / DIF Management Holding BV / Daiwater Investment Limited) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 4.2.2019
                                                                C(2019) 737 final
                                                                      PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9230 – ALLIANZ / DIF / INFRARED CAPITAL PARTNERS /
                DAIWATER
                Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC)
                                1                                                                             2
                No 139/2004 and Article 57 of the Agreement on the European Economic Area
Dear Sir or Madam,
1.      On 10 January 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Allianz
        Infrastructure Luxembourg I S.A.R.L. (Luxembourg), controlled by Allianz SE
        (Germany), Infrastructure Investments (Affinity) Limited (England and Wales), controlled
        by InfraRed Capital Partners (Holdco) Limited (“InfraRed”, UK) and DIF Tamblin
        Limited (England and Wales), controlled by DIF Management Holding BV (‘DIF’ the
        Netherlands) acquire, within the meaning of Article 3(1)(b) of the Merger Regulation, joint
        control over the whole of Daiwater Investment Limited (‘Daiwater’, UK). The
        concentration is accomplished by way of contract.3
2.      The business activities of the undertakings concerned are:
             Allianz SE is the parent company of the Allianz Group which is a global financial
              services group active in insurance and asset management,
             DIF is an independent fund management company,
             InfraRed is an investment manager focused on infrastructure and real estate,
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 24, 21.01.2019, p. 19.
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---        Daiwater is the holding company of Affinity Water Limited (‘AWL’) and Affinity for
        Business (Retail) Limited (‘AfB’). The principal activities of these entities relate to the
        provision of water supply and, in the case of AfB only, sewage systems as well.
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)
                                                    Johannes LAITENBERGER
                                                    Director-General
4  OJ C 366, 14.12.2013, p. 5.
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