CELEX: 32020M9927
Language: en
Date: 2020-10-26 00:00:00
Title: Commission Decision of 26/10/2020 declaring a concentration to be compatible with the common market (Case No COMP/M.9927 - MVM / iCR) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 26.10.2020
                                                                C(2020) 7510 final
                                                                               PUBLIC VERSION
                                                                To the notifying party
Subject:        Case M.9927 – MVM/iCR
                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 2 October 2020, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which MVM Magyar
        Villamos Művek Zártkörűen Működő Részvénytársaság (“MVM”, Hungary) acquires
        within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of
        innogy Česká republika a.s. (“iCR”, Czechia). The concentration is accomplished by
        way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             MVM is a state-owned vertically integrated energy group with a portfolio that
              covers the entire Hungarian energy system. MVM is involved in heat generation,
              electricity trading, gas trading and storage, transmission system operation,
              wholesale and retail supply of gas and electricity, district heating, and
              telecommunication services,
             iCR is active in the electricity and gas retail business in the Czech Republic,
              combined with generation, wholesale, distribution and some additional non-core
              activities.
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 340, 13.10.2020, p. 7.
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(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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