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 23 July 2019, the European Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 involving the acquisition by Mirova and General Electric Company (GE) of joint control over Desarrollo Eólico Las Majas XIX, S.L.U., active in the area of wind farms in Spain.

The business activities of the undertakings concerned are:

-- Mirova, acting as management company of Mirova-Eurofideme3, is a French venture capital fund (Fonds Professionnel de Capital Investissement). Mirova is a wholly-owned subsidiary of Natixis Investmetn Managers (through Natixis Investment managers Participations I). Natixis Investment Managers is a wholly-owned subsidiary of Natixis S.A. which is controlled by BPCE Group, a French banking group active in the banking and insurance a French banking group active in the banking and insurance sectors (i.e., retail banking, commercial banking, investment banking, financial services and real estate services). Mirova specifically focuses on responsible investment managing funds for institutional investors in various asset classes, like renewable energy and core infrastructures, sustainable equities and green bonds.

-- GE is a global, diversified manufacturing, technology and services company.