Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 4 of Short 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 4

Description of the concentration

On 25 September 2024, the European Commission (the “Commission”) received notification of the creation of a full-function joint venture between Electricité de France S.A. (“EDF”) (via its wholly owned subsidiary EDF Renouvelables International S.A.S), Abu Dhabi Future Energy Company PJSC – Masdar (“Masdar”) and Nesma Company Limited (“Nesma”) within the meaning of Article 3(4) of the Merger Regulation. The joint venture will operate a solar project and engage in electric power generation, transmission, distribution and sales in Saudi Arabia.

The business activities of EDF, Masdar and Nesma are as follows:

• EDF was established on 8 April 1946 in France, and is mainly active in electricity production and wholesale, trading, and supply, as well as in the provision of other electricity-related services and energy services.

• Masdar is incorporated in the United Arab Emirates and is a renewable energy and sustainability company that advances solutions in energy, water, urban development and clean technologies in the UAE and around the world.

• Nesma was established in 1999 in Saudi Arabia. Nesma has a business portfolio across multiple sectors mainly in Saudi Arabia and a presence in the UAE and Egypt. Nesma specializes in diverse fields such as engineering, construction, electro-mechanical, infrastructure, oil and gas, and hospitality.

Commission européenne/Europese Commissie, 1049 Bruxelles/Brussel, BELGIQUE/BELGIË - Tel. +32 22991111