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TOKYO GAS / SIEMENS / TESSENDERLO CHEMIE / INTERNATIONAL POWER / GDF SUEZ / T-POWER JV

M.6422

TOKYO GAS / SIEMENS / TESSENDERLO CHEMIE / INTERNATIONAL POWER / GDF SUEZ / T-POWER JV
February 2, 2012
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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.

SECTION 1.2

Description of the concentration

(1) On 22 December 2011 the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which TG Europower B.V. (a subsidiary of Tokyo Gas Co., Ltd. (“Tokyo Gas”, Japan)), will acquire a jointly controlling stake in the T-Power joint venture. T-Power will be indirectly jointly controlled by Tokyo Gas, Siemens AG, Tessenderlo Chemie N.V. and International Power Consolidated Holdings Limited.

(2) The undertakings concerned carry out the following business activities:

a) Tokyo Gas is an integrated energy company primarily active in Japan.

b) SPV is a subsidiary of Siemens and is principally active as an investor and co-developer in major infrastructure projects.

c) Tessenderlo Chemie is internationally present as a manufacturer of chemical and specialty products.

d) International Power, a subsidiary of GDF Suez, is active in the generation of energy worldwide.

e) T-Power is active in the generation and wholesale supply of electricity in Belgium.

EUC

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