CELEX: 32019M9522
Language: en
Date: 2019-10-02 00:00:00
Title: Commission Decision of 02/10/2019 declaring a concentration to be compatible with the common market (Case No COMP/M.9522 - Brookfield Asset Management / ENGIE / TAG PIPELINES SUR) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 02.10.2019
                                                                C(2019) 7181 final
                                                                                 PUBLIC VERSION
                                                                To the notifying parties
Subject:        Case M.9522 – BROOKFIELD / ENGIE / TAG PIPELINES SUR
                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 10 September 2019, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which the
        undertakings Brookfield Asset Management Inc. (“Brookfield”, Canada) and ENGIE
        SA (“ENGIE”, France) acquire within the meaning of Article 3(1)(b) and Article 3(4)
        of the Merger Regulation joint control over the whole of the undertaking TAG
        Pipelines Sur, S. de R.L. de C.V. (“TAG Pipelines Sur”, Mexico), currently jointly
        controlled by BlackRock and ENGIE, by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
        −     Brookfield is a Canadian global asset manager focused on property, renewable
              power, infrastructure and private equity,
        −     ENGIE is active in energy transition, electricity generation and distribution,
              natural gas, nuclear, renewable energy and petroleum,
        −     TAG Pipelines Sur is active in transportation of natural gas through pipelines in
              Mexico.
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 314, 18.9.2019, p. 14.
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(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)
                                                  Cecilio MADERO VILLAREJO
                                                  Acting Director-General
4  OJ C 366, 14.12.2013, p. 5.
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