CELEX: 32022M10542
Language: en
Date: 2022-01-14 00:00:00
Title: Commission Decision of 14/01/2022 declaring a concentration to be compatible with the common market (Case No COMP/M.10542 - MITSUBISHI / CHUBU ELECTRIC POWER MIRAIZ / MCRE) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 14.1.2022
                                                                 C(2022) 319 final
                                                                                 PUBLIC VERSION
                                                                 Chubu Electric Power Miraiz
                                                                 Co., Inc.
                                                                 1, Higashi-shincho, Higashi-ku,
                                                                 Nagoya, Aichi 461-8680
                                                                 Japan
                                                                 Mitsubishi Corporation
                                                                 3-1, Marunouchi 2-chome, Chiyoda-
                                                                 ku, Tokyo 100-8086
                                                                 Japan
Subject:        Case M.10542 - MITSUBISHI / CHUBU ELECTRIC POWER MIRAIZ /
                MCRE
                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 14 December 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertakings Mitsubishi Corporation (Japan) and Chubu Electric Power Miraiz Co.,
        Inc. (“MZ”, Japan), belonging to the Chubu Electric Group, acquire within the
        meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of MC
        Retail Energy Co., Ltd. (“MCRE”, Japan) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for Mitsubishi Corporation: a global integrated trading           company which develops
              and operates business across a variety of industries.              MC is divided into ten
              business groups: Natural Gas; Industrial Materials;                Petroleum & Chemicals
              Solution; Mineral Resources; Industrial Infrastructure;            Automotive & Mobility;
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 518, 22.12.2021, p. 4.
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---         Food Industry; Consumer Industry; Power Solution; and Urban Development
        Group,
       for MZ: a retail supplier of electric power in Japan, belonging to Chubu Electric
        Group. Chubu Electric Group is a multi-services group based in the Chubu region
        in Japan, with activities related to electric utility and related enterprises, gas
        supply and thermal storage brokerage, on-site energy businesses, overseas
        consulting and investment, real estate management services and IT services,
       for MCRE: it is active in the retail supply of electric power in Japan.
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)
                                                     Olivier GUERSENT
                                                     Director-General
4  OJ C 366, 14.12.2013, p. 5.
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