EUROPEAN COMMISSION DG Competition

Only the English text is available and authentic.

REGULATION (EC) No 139/2004 MERGER PROCEDURE

Article 6(1)(b) NON-OPPOSITION Date: 22/09/2023

In electronic form on the EUR-Lex website under document number 32023M11192

EUROPEAN COMMISSION

Brussels, 22.9.2023 C(2023) 6512 final

PUBLIC VERSION

Vauban Infrastructure Partners Le Centorial -16-18 Rue du Quatre septembre 75002 Paris France

Caisse des Dépôts et Consignations 51, rue de Lille 75356 Paris 07 SP France

Dear Sir or Madam,

1.1. On 31 August 2023 and following a referral pursuant to Article 4(5) of the Merger Regulation, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which Vauban Infrastructure Partners (“Vauban”, France) and Caisse des Dépôts et Consignations (“CDC”, France), will acquire within the meaning of Article 3(1)(b) joint control over the whole of the undertaking Coriance Holding (“Coriance”, France), by way of purchase of shares.

2. The business activities of the undertakings concerned are the following:

-− Vauban is an asset management company specialising in private equity infrastructure investments that contribute to the sustainable development of local communities and their environment,

-− CDC is a French public institution with special legal status carrying out activities of public service and general interest as well as activities open to competition,

1OJ 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.

2OJ L 1, 3.1.1994, p. 3 (the ‘EEA Agreement’).

3Publication in the Official Journal of the European Union No C 323, 13.9.2023, p. 14.

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

-− Coriance is mainly active in the district heating and cooling sectors in France and in Belgium.

4.3. 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. 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

4OJ C 366, 14.12.2013, p. 5.

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