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

The proposed concentration consists of the acquisition of joint indirect control by the

Czech company Severočeské doly, a.s. ("SD"), a wholly-owned subsidiary of

ČEZ, a.s. ("CEZ"), and the Slovak based J&T Investment Advisors, s.r.o. ("JTIA") of

MIBRAG B.V. MIBRAG B.V. is a Dutch company which operates, through its

wholly-owned German subsidiary Mitteldeutsche Braunkohlengesellschaft mbH, two

opencast lignite coal pits in the central German brown-coal basin near Leipzig, three

combined heat and power plants and a coal dust processing factory. SD mines,

processes and sells lignite and its by-products in the Czech Republic. CEZ is primarily

engaged in the generation, distribution and sale of electricity and heat in the Czech

Republic. JTIA renders investment advisory services in various areas like private

banking, real estate development and health care, air transport, media and sports, and

is mainly active in the Czech and the Slovak Republic.