CELEX: 32020M10011
Language: en
Date: 2020-12-01 00:00:00
Title: Commission Decision of 01/12/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.10011 - ORIX / CAMBOURNE / ORIX INDIA WIND / GEH ASSETS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 01.12.2020
                                                                C(2020) 8633 final
                                                                                 PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.10011 — ORIX/Cambourne/ORIX India Wind/GEH Assets
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 9 November 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which ORIX
        Corporation (“ORIX”, Japan) and Cambourne Investment Private Limited
        (“Cambourne”, Singapore), wholly-owned by GIC Ventures Private Limited
        (Singapore) acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger
        Regulation joint control of ORIX wind power generating business in India (“ORIX
        India Wind”, India) and Greenko Energy Holdings assets (“GEH Assets”, Mauritius),
        via the jointly controlled holding company GEH by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
          —        ORIX is a multinational integrated financial services and investment group,
          —        ORIX India Wind consists of eight wholly-owned subsidiaries of ORIX that
                   currently engage in wind power generation and the provision of related
                   services in India,
          —        Cambourne is a global investment management company,
          —        GEH is a holding company, which develops and manages power generation
                   projects through its subsidiaries in India, Mauritius and Singapore.
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
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 389, 16.11.2020, p. 5.
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---    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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