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

On June 13, 2013, the Commission received notification of a Proposed Concentration

pursuant to Article 4 of Council Regulation (EC) No.139/2004, by which Snam S.p.A. (“Snam”) and Pacific Mezz (Luxembourg) S.a.r.l. (“Pacific Mezz Luxembourg”), will acquire

joint control over Transport et Infrastructure Gaz France S.A. (“TIGF”) within the meaning of

Article 3(1)(b) of Council Regulation (EC) No. 139/2004, through Société C29 S.A.S. (“Société C29”), a special purpose vehicle registered under French law (the “Transaction”).

TIGF controls and manages a gas transmission network (accounting for approximately 10%

of the total volume of gas transported in France) and two gas storage facilities (accounting for

approximately 20% of total storage capacity in France) in the South-west of France.

Pacific Mezz Luxembourg is an investment vehicle managed by GIC Special Investments Pte.

Ltd. (“GICSI”). GICSI manages a diversified global portfolio of investments in private

equity, venture capital and infrastructure funds, as well as direct investments in private

companies.

Snam is the holding company of the Snam Group which is active in Italy in the transmission,

storage, regasification and distribution of natural gas and currently operates under the

ownership unbundling model pursuant to Article 9 of the Third Gas Directive. Snam is

currently controlled, for merger control purposes, by Cassa Depositi e Prestiti S.p.A.

The Transaction does not give rise to any competition concern, since there is no horizontal overlap or vertical relationship between the activities of the Target and those of the undertakings acquiring joint control. Also, the activities of the undertakings acquiring control do not overlap in any market. Finally, there is no vertical relationship between the activities carried out by the undertakings acquiring control and the Target.