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ENGIE / REC / TEN
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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
The operation consists on the acquisition of joint control over TEN by E.CL and Red Eléctrica Chile, both companies Chilean subsidiaries of ENGIE and of Red Eléctrica Corporación respectively.
TEN is a Chilean company exclusively controlled by ECL. TEN has currently no activity in the market, but in the foreseeable future it is expected to be active in the market for the transmission of electricity in Chile.
ENGIE is a member of the ENGIE Group, headquartered in France, a global energy player and an operator in the businesses of electricity, natural gas and energy services all over the world.
Red Eléctrica Corporación is the holding company of the Red Eléctrica Group, a Spanish group which operates the national electricity grid and power transmission system in Spain. It also carries out activities in some countries of South America, in particular in Peru.
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.