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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.
On 18 November 2013 the Commission received a notification of a proposed concentration pursuant to Article 4 Council Regulation (EC) No. 139/2004. PensionDanmark Holding, which is active as a regulated Danish pension fund through its subsidiary PensionDanmark Pensionsforsikringsaktieselskab, will indirectly acquire 40% of the shares of Noordgastransport B.V. from Abu Dhabi-based energy company TAQA.
Noordgastransport B.V. consists of approximately 470 kilometres of offshore pipelines with a daily gas capacity of around 42 million cubic metres. The pipelines carry gas from the Dutch sector of the North Sea to a treatment terminal on the north coast of the Netherlands, from which it is distributed through the Dutch gas network.
As a result of the concentration PensionDanmark Holding will jointly control Noordgastransport B.V., together with GDF SUEZ.