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REPSOL / TELEFONICA / JV
M.10623
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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
On 13 May 2022, the European Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) 139/2004 involving an agreement between Repsol Customer Centric, S.L., a subsidiary of Repsol, S.A (“Repsol”), and Telefónica de España, S.A.U. a subsidiary of Telefónica S.A (“TEF”), for the implementation of photovoltaic projects in Spain mainly consisting in the acquisition, installation and maintenance of solar panels on the ground or roofs for both households’ and businesses’ self-consumption, as well as certain related activities, through the creation of a Joint Venture.
Repsol is a global integrated energy company active in the oil and gas and electricity industries and carrying out a wide range of economic activities such as mainly the commercialisation and transportation of oil and gas, the production and commercialisation of asphalt, fuels, specialised products, lubricants, and chemicals for different uses, as well as the development and management of service stations and the generation and commercialisation of electricity and gas.
TEF is a global telecommunications operator and mobile network provider, operating under a number of brands, including Movistar, Virgin Media O2 and Vivo, representing mobile, landline, internet and television services.
The Joint Venture will operate on an autonomous and lasting basis as a full-function joint venture, and will be jointly controlled by Repsol and TEF.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.