CELEX: 32022M10563
Language: en
Date: 2022-01-25 00:00:00
Title: Commission Decision of 25/01/2022 declaring a concentration to be compatible with the common market (Case No COMP/M.10563 - ENGIE SPAIN / PREDICA / EOLIA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                 Brussels, 25.1.2022
                                                                 C(2022) 526 final
                                                                                 PUBLIC VERSION
                                                                 ENGIE España Renovables, S.L.
                                                                 Calle Ribera del Loira, 28
                                                                 28042, Madrid
                                                                 Spain
                                                                 Predica Prévoyance Dialogue du
                                                                 Crédit Agricole S.A.
                                                                 16-18 boulevard de Vaugirard
                                                                 75015, Paris
                                                                 France
Subject:        Case M.10563 – ENGIE SPAIN / PREDICA / EOLIA
                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
                Economic Area2
Dear Sir or Madam,
1.      On 3 January 2022, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which ENGIE España
        Renovables, S.L. (“ENGIE Spain”, Spain), ultimately controlled by ENGIE, S.A.
        (“ENGIE”, France), and Predica Prévoyance Dialogue du Crédit Agricole S.A.
        (“Predica”, France), belonging to the Groupe Crédit Agricole (France), acquire within
        the meaning of Article 3(1)(b) of the Merger Regulation joint control over the whole
        of the undertaking Eolia Renovables de Inversiones, Sociedad de Capital Riesgo, S.A.
        (“Eolia”, Spain) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             ENGIE Spain is a newly incorporated company belonging to ENGIE. ENGIE is
              active in the fields of natural gas, electricity and energy services,
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 14I, 12.01.2022, 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---        Predica is a life and health insurance company,
       Eolia is active in the generation of renewable energy and the development,
        construction and operation of wind farms and solar photovoltaic facilities in
        Spain.
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(c) 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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