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CKA / CKI / UKPN
M.10505
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Disclaimer :
The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.
SECTION 1.2
Description of the concentration
On 26 October 2021, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (the Merger Regulation) which will confer on CK Asset Holdings Limited (CKA) and CK Infrastructure Holdings Limited (CKI) (together with Power Assets Holdings (PAH)) joint control over UK Power Networks Holdings Limited (UKPN) within the meaning of Article 3(1)(b) of the Merger Regulation.
The business activities of the undertakings concerned are:
a) For CKA: property development and investment, hotel and serviced suite operation, property and project management, aircraft leasing, pub operation and investment in infrastructure and utility asset operation.
b) For CKI: development, investment and operation of infrastructure businesses. CKI has a stake in PAH which is a global investor in energy and utility-related businesses.
c) For UKPN: distribution of electric power.
There are no reportable markets and the turnover of, and total value of assets transferred to, UKPN is less than EUR 100 million in the EEA. UKPN currently has and following the Proposed Concentration will have no assets or turnover in the EEA. Accordingly, the transaction qualifies for simplified treatment in accordance with the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004.
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.