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: 07/02/2018

In electronic form on the EUR-Lex website under document number 32018M8776

EUROPEAN COMMISSION

Brussels, 7.2.2018 C(2018) 838 final

PUBLIC VERSION

To the notifying parties:

Dear Sir or Madam,

1.1. On 16 January 2018, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which Macquarie Super Core Infrastructure Fund SCSP ("MSCIF", United Kingdom), belonging to the Macquarie Group and Allianz Infrastructure Luxembourg I S.à.r.l. ("AIL", Luxembourg), controlled by Allianz SE and belonging to the Allianz Group, acquire within the meaning of Article 3(1)(b) of the Merger Regulation joint control of the whole of the Lakeside Network Investments S.à.r.l. ("Elenia Group", Finland), currently owned by 3i Networks Finland LP, GS International Infrastructure Partners II, LP., G.S. Global Infrastructure Partners II, 3L.P. and Ilmarinen Mutual Pension Insurance Company by way of a purchase of shares.

2. The business activities of the undertakings concerned are:

–– for MSCIF: a fund managed by Macquarie Infrastructure and Real Assets (Europe) Limited ("MIRAEL"). MIRAEL is part of the Macquarie Group. Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services listed on the Australian Stock Exchange.

–– for AIL: a wholly-owned subsidiary of Allianz SE, the ultimate parent company of the Allianz Group. The Allianz Group offers a comprehensive range of insurance and asset management products and services to both private and corporate customers in more than 70 countries. The Allianz Group is primarily active in Germany, the United States, France, Italy, the United Kingdom and the Asia-Pacific region.

–– for Elenia Group: owns and operates electricity distribution networks and district heating businesses in Finland.

3.3. 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.

4.4. 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) Johannes LAITENBERGER Director-General

4OJ C 366, 14.12.2013, p. 5.

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