CELEX: 32020M9841
Language: en
Date: 2020-06-25 00:00:00
Title: Commission Decision of 25/06/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9841 - CDP EQUITY / ANSALDO ENERGIA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 25.06.2020
                                                                C(2020) 4373 final
                                                                                 PUBLIC VERSION
                                                                To the notifying party
Subject:         Case M.9841 – CDP Equity/Ansaldo Energia
                 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 3 June 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertaking CDP Equity S.p.A. (“CDPE”, Italy) acquires within the meaning of
        Article 3(1)(b) of the Merger Regulation sole control of Ansaldo Energia S.p.A.
        (“AEN”, Italy), currently jointly controlled by CDPE and Shanghai Electric
        Hongkong Co. Limited (China).3
2.      The business activities of the undertakings concerned are:
        −     CDPE is a holding company aiming to boost the Italian economy by investing
              equity capital in companies of major national interest. CDPE is wholly owned by
              Cassa Depositi e Prestiti S.p.A. who is a financial institution controlled by the
              Italian State, and active in financing for development, enterprises, international
              expansion and urban transformation,
        −     AEN is internationally active in the sector for power generation systems and
              components, supplying turbines, generators, turnkey power plants as well as
              engineering services for nuclear power plants to a customer portfolio that includes
              public sector agencies, independent producers and industrial customers.
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 (the ‘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 196, 11.6.2020, p. 13.
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--- 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(d) 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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