CELEX: 32015M7503
Language: en
Date: 2015-03-24 00:00:00
Title: Commission Decision of 24/03/2015 declaring a concentration to be compatible with the common market (Case No COMP/M.7503 - TALANX / MOTA-ENGIL / INDAQUA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 24.3.2015
                                        C(2015) 2152 final

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                                        To the notifying parties

Dear Madam(s) and/or Sir(s),

Subject:    Case M.7503 - TALANX / MOTA-ENGIL / INDAQUA
         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[2]

1. On 26 February 2015, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation
   by which Mota Engil Ambiente e Serviços, SGPS S.A. ("Mota Engil", Portugal) which belongs to Mota Engil SGPS ("Mota Engil  Group",  Portugal)
   and Talanx Infrastructure Portugal GmbH ("Talanx",  Germany),  which  is  ultimately  controlled  by  HDI  Haftpflichtverband  der  Deutschen
   Industrie V.a.G. ("HDI Group", Germany) acquire within the meaning of Article 3(1)(b) of the Merger Regulation  joint  control  over  Indaqua
   Industry and water management, S.A. ("Indaqua", Portugal) by way of purchase of shares.[3]

2. The business activities of the undertakings concerned are:

   -  Talanx AG belongs to the HDI Group, which is active in the insurance business on a global level.

   -  Mota Engil is active in engineering and construction, environment and services, mining, port operations and waste management sectors.

   -  Indaqua is active in the provision of retail water supply services including the supply of water for human and  industry  consumption  and
        wastewater treatment.

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) (i) and (ii) 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)
                                        Alexander ITALIANER
                                        Director-General

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[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 078, 06.03.2015, p. 5.

[4]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE