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MACQUARIE / ENEL / ENEL GREEN POWER HELLAS
M.11275
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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
This notification concerns the following undertakings:
a. Macquarie GIG Renewable Energy Fund 2 SCSp ("MGREF 2 Fund", incorporated in Luxembourg), controlled by Macquarie Infrastructure and Real Assets (Europe) Limited ("MIRA"), a wholly-owned subsidiary of Macquarie Group Limited ("Macquarie");
b. Enel Green Power S.p.A. ("EGP", incorporated in Italy), controlled by Enel S.p.A ("Enel"); and
c. Enel Green Power Hellas SA ("EGPH", incorporated in Greece), controlled by EGP.
MGREF 2 Fund acquires, within the meaning of Article 3(1), point (b) and Article 3(4) of the Merger Regulation, joint control with EGP of EGPH from EGP.
The concentration arises through MGREF 2 acquiring 50% of the issued share capital in EGPH from EGP, establishing a full function joint venture.
The business activities of the undertakings concerned are:
a. for MGREF 2 Fund: investment in renewable energy assets located in European countries, Asia and North America, in particular platforms and construction and operation stage wind and solar projects.
b. for EGP: generation of power from renewable sources worldwide, including wind, solar, hydroelectric, geothermal and green hydrogen, and development of new technologies in the renewables sector.
c. for EGPH: development of renewable energy generation assets and electricity production in Greece (in particular from renewable energy sources) and the subsequent sale of the electric energy produced to third parties.
Commission européenne/Europese Commissie, 1049 Bruxelles/Brussel, BELGIQUE/BELGIË - Tel. +32 22991111